CASEpaper

Capped and trapped (in the UK's housing market): how the benefit cap makes it almost impossible to find affordable housing

Mark Fransham, Kate Andersen, Ruth Patrick, Aaron Reeves and Kitty Stewart

The benefit cap places an upper limit on the total amount a family can receive in financial support from the government in a given year. Many of those subject to the cap live in high rent properties and one stated goal f...Read more...

31 July 2024

CASEpaper

An impossible move? Households' experiences of trying to escape the Benefit Cap

Ruth Patrick, Kate Andersen, Kitty Stewart, Aaron Reeves and Mark Fransham

Recent governments have increasingly used their power to attempt to alter the behaviour of people in receipt of social security benefits. This can be seen in the case of the Benefit Cap, a policy introduced with a specif...Read more...

31 July 2024

Econometrics Paper

Geodesic causal inference

Daisuke Kurisu, Hans-Georg Mueller, Taisuke Otsu and Yidong Zhou

Adjusting for confounding and imbalance when establishing statistical relationships is an increasingly important task, and causal inference methods have emerged as the most popular tool to achieve this. Causal inference ...Read more...

1 July 2024

CASEreport

Tackling London’s Household Debts Problem

Eleni Karagiannaki

Using data from wave 13 of the UK Household Longitudinal Survey (Understanding Society) and StepChange clients’ database this report provides evidence on the prevalence and the nature of household over-indebtedness in Lo...Read more...

22 May 2024

Econometrics Paper

Multivariate kernel regression in vector and product metric spaces

Marcia M Schafgans and Victoria Zinde-Walsh

Nonparametric kernel regression is widely used in econometrics and has been applied to models with cross-sectional, time series and panel data. As functional data analysis is gaining attention, our analysis extends to th...Read more...

9 May 2024

CASEreport

The Value of Local: An evaluation of the neighbourhood management approach of EastendHomes

Laura Lane

The LSE Housing and Communities team at the Centre for the Analysis of Social Exclusion (CASE) was commissioned in 2019 to carry out an evaluation of the neighbourhood management approach of EastendHomes. This report ...Read more...

12 April 2024

CASEreport

On Our Side: Improving services for young people experiencing homelessness

Ellie Benton, Laura Lane and Ruby Russell

Estimates suggest that almost half of all young people experiencing homelessness do not contact their local authority, or face barriers in doing so. And only 38% of those who do get a positive outcome. In the autumn of 2...Read more...

11 April 2024

CASEpaper

Fair decarbonisation of housing in the UK: A sufficiency approach

Ian Gough, Stefan Horn, Charlotte Rogers and Rebecca Tunstall

This paper addresses a neglected aspect of the UK housing crisis: how to rapidly but fairly decarbonise the housing stock to meet tough net zero targets while meeting housing needs of the entire population. To do so the ...Read more...

22 March 2024

Econometrics Paper

Empirical likelihood for manifolds

Daisuke Kurisu and Taisuke Otsu

There has been growing interest in statistical analysis on random objects taking values in a non-Euclidean metric space. One important class of such objects consists of data on manifolds. This article is concerned with i...Read more...

6 February 2024

CASEreport

Creating a 21st Century Estate: The experiences of Lancaster West Estate residents. First Stage Report

LSE Housing and Communities

Following the Grenfell Tower tragedy, a commitment was made by all levels of government for Lancaster West Estate, where the Tower stands, to become a “model 21st century social housing estate”, through a resident-led re...Read more...

11 December 2023

CASEreport

Inclusive data: better data and evidence to understand the lives, circumstances and needs of children and young people from the Gypsy, Traveller and Roma communities

Chelsie Dolling, Polina Obolenskaya and Polly Vizard

This research report provides open access to the findings of the project `Testing and demonstrating the value of the Growing Up in England (GUiE) dataset: Gypsy, Traveller and Roma children case study?. The research was ...Read more...

4 December 2023

Development Discussion Paper

Public service delivery, exclusion and externalities: Theory and experimental evidence from India

Alex Armand, Britta Augsburg, Antonella Bancalari and Maitreesh Ghatak

This study explores the interaction between the quality of public services, the implementation of user fees, and the resulting potential for exclusion, that can lead to negative externalities. Our theoretical framework t...Read more...

15 November 2023

Development Discussion Paper

Organisation form and river quality: Theory and evidence from China

Linchuan Xu

Should the government set up a separate ministry for all environmental issues, or ask all the existing decentralized and regional political organizations to have an environment mandate? This paper studies how organizatio...Read more...

15 November 2023

CASEpaper

Inequalities in provision for primary children with special educational needs and / or disabilities (SEND) by local area deprivation

Tammy Campbell

This paper explores how area deprivation-level is related to primary school children’s chances of: a) being allocated statutory support for special educational needs and / or disabilities (SEND) through an Education, Hea...Read more...

13 November 2023

Development Discussion Paper

Making the invisible hand visible: Managers and the allocation of workers to jobs

Virginia Minni

Why do managers matter for firm performance? This paper provides evidence of the critical role of managers in matching workers to jobs within the firm using the universe of personnel records from a large multinational fi...Read more...

30 October 2023

Econometrics Paper

Nonparametric causal inference with functional covariates

Daisuke Kurisu, Taisuke Otsu and Mengshan Xu

Functional data and their analysis have become increasingly popular in various fields of data sciences. This paper considers estimation and inference of the average treatment effect under unconfoundedness when the covari...Read more...

25 October 2023

CASEreport

Independent Review of Krakow Metropolitan Area 2030 Strategy

Bert Provan, Aleksandra Jadach-Sepiolo, Neil Lee, Max Herbertson and Kath Scanlon

This report was commissioned by the European Investment Bank to provide a review of the Krakow Metropolitan Area (KMA) Strategy 2030. The objectives were to review: How the strategic objectives in the KMA 2030 strate...Read more...

20 October 2023

Econometrics Paper

Inference in the presence of unknown rates

Hao Dong, Taisuke Otsu and Luke Taylor

The convergence rate of an estimator can vary when applied to datasets from differ- ent populations. As the population is unknown in practice, so is the corresponding convergence rate. In this paper, we introduce a metho...Read more...

26 September 2023

CASEreport

The Social and Economic Value of Wheelchair User Homes

Bert Provan and Laura Lane

People who use wheelchairs can benefit in many ways from living in homes which are designed to meet their needs. They can enjoy a much greater independence and ability to do everyday tasks such as showering, cooking, usi...Read more...

4 September 2023

CASEpaper

Change, stagnation, and polarisation in UK job quality, 2012-2021: Evidence from a new Quality of Work index

Thomas Stephens

This paper presents results from a new synthetic index of multi-dimensional Quality of Work (QoW) for the UK, using data from five waves of Understanding Society (Waves 4, 6, 8, 10 and 12) covering the years 2012-2013 to...Read more...

22 August 2023

Social Policies and Distributional Outcomes Research Paper

Trends in Adolescent Disadvantage: Policy and Outcomes for Young People under Labour, the Coalition, and the Conservatives (1997 to 2019)

Moira Wallace

Over the last two decades, England has seen two enormous waves of change in the government’s approach to children and young people. The first wave of change was conducted by the 1997-2010 Labour government and involved s...Read more...

10 August 2023

Econometrics Paper

Empirical likelihood for network data

Yukitoshi Matsushita and Taisuke Otsu

This article develops a concept of nonparametric likelihood for network data based on network moments, and proposes general inference methods by adapting the theory of jackknife empirical likelihood. Our methodology can ...Read more...

7 August 2023

Econometrics Paper

Model averaging for global Fréchet regression

Daisuke Kurisu and Taisuke Otsu

Petersen and Müller (2019) generalized the notion of regression analysis to non-Euclidean response objects. Meanwhile, in the conventional regression analysis, model averaging has long history and is widely applied in st...Read more...

21 July 2023

CASEpaper

Making Work Pay? The labour market effects of capping child benefits in larger families

Mary Reader, Kate Andersen, Ruth Patrick, Aaron Reeves and Kitty Stewart

Child benefits are typically paid on a per-child basis, without restrictions on family size. In this paper we generate unique evidence on the effects of capping child benefits by family size by examining the introduction...Read more...

1 June 2023

Social Policies and Distributional Outcomes Research Paper

The Conservative Governments' Record on Health from May 2015 to pre-COVID 2020: Policies, Spending and Outcomes

Polly Vizard, Polina Obolenskaya, Jarrod Hughes, Kritty Treebhoohun and Iona Wainwright

This research report examines developments in the progress that was made in promoting good physical and mental health and longevity, and reducing mortality and morbidity inequalities, over the five-year period between Ma...Read more...

28 April 2023

Social Policies and Distributional Outcomes Research Paper

The Conservative Governments’ Record on Higher Education: Policy, Spending and Outcomes, May 2015 to pre-COVID 2020

Abigail McKnight and Polina Obolenskaya

In this paper we evaluate the distributional impact of higher education policy in the period since the Conservative government took office in 2015 up until the eve of the Covid-19 pandemic in early 2020. We do this by fo...Read more...

27 April 2023

CASEpaper

The sins of the parents: Conceptualising adult-oriented reforms to family policy

Kitty Stewart, Ruth Patrick and Aaron Reeves

A core element of a welfare state is the support that is provided to families with children, in recognition of the additional needs that dependent children create. Variation in the design, generosity and implementation o...Read more...

27 April 2023

CASEreport

CASE Annual Report 2022

We are delighted to share with you our annual report for 2022 which this year is a bumper edition. In September we celebrated our 25th birthday with a special event to mark the occasion and this year’s annual report is ...Read more...

5 April 2023

Social Policies and Distributional Outcomes Research Paper

Going backwards? The slowdown, stalling and reversal of progress in reducing child poverty in Britain during the second decade of the 21st century, and the groups of children that were affected.

Polly Vizard, Polina Obolenskaya and Kritty Treebhoohun

This paper has been written as part of the Social Policies and Distributional Outcomes (SPDO) research programme and provides an in-depth assessment of the slowdown, stalling and reversal of progress in reducing child po...Read more...

13 March 2023

CASEreport

Community Responses to the Cost-of-Living Crisis

Ellie Benton and Anne Power

The cost-of-living crisis is affecting households across the UK, many of whom are increasingly struggling to meet day-to-day costs, including energy, food, transport, and other essentials. With limited state support to a...Read more...

13 February 2023

Econometrics Paper

Regression adjustment in randomized controlled trials with many covariates

Harold D Chiang, Yukitoshi Matsushita and Taisuke Otsu

This paper is concerned with estimation and inference on average treatment effects in randomized controlled trials when researchers observe potentially many covariates. By em- ploying Neyman’s (1923) finite population pe...Read more...

9 February 2023

Social Policies and Distributional Outcomes Research Paper

Public and private welfare activity in England, 1979 to 2019 (Revised version June 2024).

Mary Reader and Tania Burchardt

(REVISED VERSION, published in June 2024) This paper offers an empirical account of the changing landscape of private and public welfare activity in England over the forty years prior to the Covid-19 pandemic. It forms a...Read more...

4 January 2023

CASEreport

Cost-benefit analysis of extending support to domestic abuse victims with NRPF: A technical report for the Domestic Abuse Commissioner

Kath Scanlon, Bert Provan, Ria Ivandic, Mariña Fernández-Reino, Fanny Blanc and Christine Whitehead

This report provides the technical underpinning to the report by the Domestic Abuse Commissioner’s Report1 laid before Parliament in December 2022. That report was in response to the Home Office request that she set out ...Read more...

13 December 2022

Development Discussion Paper

The demand side of Africa's demographic transition: desired fertility, wealth, and jobs

Céline Zipfel

Sub-Saharan Africa (SSA) accounts for around 40% of projected global births over the next 80 years. To investigate the roots of persistently high fertility rates across the region, I assemble micro data from 192 Demogr...Read more...

1 December 2022

Econometrics Paper

Regression discontinuity design with potentially many covariates

Yoichi Arai, Taisuke Otsu and Myung Hwan Seo

This paper studies the case of possibly high-dimensional covariates in the regression discontinuity design (RDD) analysis. In particular, we propose estimation and inference methods for the RDD models with covariate sele...Read more...

31 October 2022

Econometrics Paper

GLS under monotone heteroskedasticity

Yoichi Arai, Taisuke Otsu and Mengshan Xu

The generalized least square (GLS) is one of the most basic tools in regression analyses. A major issue in implementing the GLS is estimation of the conditional variance function of the error term, which typically requir...Read more...

27 October 2022

Econometrics Paper

Conditional likelihood ratio test with many weak instruments

Sreevidya Ayyar, Yukitoshi Matsushita and Taisuke Otsu

This paper extends validity of the conditional likelihood ratio (CLR) test developed by Moreira (2003) to instrumental variable regression models with unknown error variance and many weak instruments. In this setting, we...Read more...

11 October 2022

CASEreport

Rough Sleeping in Newham: Policy into practice 2019-2022

Bert Provan

The London Borough of Newham had one of the worst records for rough sleeping in 2018, and lacked an up to date Homelessness and Rough Sleeping Strategy. Compiled over four years of engagement with the borough, this repor...Read more...

20 September 2022

SPDO Research Note

Who is at risk of experiencing violence and has it changed overtime?

Kerris Cooper and Polina Obolenskaya

Published crime statistics show that following a long-term decline in violent crime there has been a flattening out in recent years and certain types of violent crime have increased. This research note examines who is mo...Read more...

15 September 2022

SPDO Knowledge Exchange Brief

Layers of engagement: learning from the Social Policies and Distributional Outcomes research programme public engagement exercise

Tania Burchardt, Bert Provan and Kerris Cooper

The purpose of this note is to share with the research community the lessons we feel we have learned from a public engagement exercise that we undertook, in collaboration with Sense about Science, as part of the Social P...Read more...

24 August 2022

Social Policies and Distributional Outcomes Research Paper

The Conservative Governments’ Record on Employment: Policies, Spending and Outcomes, May 2015 to pre-COVID 2020

Abigail McKnight and Kerris Cooper

In this paper we evaluate the distributional impact of employment policy in the period since the Conservative Government took office in 2015 up until the eve of the Covid-19 pandemic in early 2020. We do this by followin...Read more...

27 July 2022

Econometrics Paper

Isotonic propensity score matching

Taisuke Otsu and Mengshan Xu

We propose a one-to-many matching estimator of the average treatment effect based on propensity scores estimated by isotonic regression. The method relies on the monotonicity assumption on the propensity score function, ...Read more...

19 July 2022

CASEpaper

Living arrangements, intra-household inequality and children’s deprivation: Evidence from EU-SILC

Eleni Karagiannaki and Tania Burchardt

Evidence from the 2014 EU-SILC indicates that a non-negligible proportion of children in Europe live in multi-family households. Leaving aside more complex household types, around 4% of children live with their grandpare...Read more...

22 June 2022

CASEpaper

The two-child limit & ‘choices’ over family size: When policy presentation collides with lived experiences

Kate Andersen and Ruth Patrick

The two-child limit restricts the child element in Universal Credit and Tax Credits to two children in a household (for children born after April 2017). One objective of the two-child limit is to influence the fertility ...Read more...

15 June 2022

CASEreport

CASE Annual Report 2021

The 2021 CASE Annual Report includes an overview of our Centre’s work, updates from our staff, PhDs, and associates, and summaries of publications and events from the past year. It also features 14 articles showcasing th...Read more...

31 May 2022

Social Policies and Distributional Outcomes Research Paper

Understanding recent patterns in intergenerational social mobility: differences by gender, ethnicity, education, and their intersections

Lindsey Macmillan and Abigail McKnight

This paper presents new estimates of recent social mobility in the UK by gender, education and ethnicity, and their intersections. We measure absolute social class mobility using data from the Labour Force Survey 2014-20...Read more...

26 May 2022

CASEreport

Keeping Communities Together: How smaller social landlords and community-led housing can provide affordable, secure, low cost accommodation for communities in need

Ellie Benton, Anne Power and Ruby Russell

This report sets out the potential for small, community-based housing organisations to deliver homes for people in housing need, within their own communities. It uncovers innovative examples and models for how this can b...Read more...

21 April 2022

CASEreport

Social Cost Benefit Analysis of the no recourse to public funds (NRPF) policy in London

Ellie Benton, Jacob Karlsson, Ilona Pinter, Bert Provan, Kath Scanlon and Christine Whitehead

This report estimates the monetised social and economic gains (benefits) of removing of the No Recourse to Public Funds (NRPF) condition for certain household in England. It compares this to the costs of allowing them to...Read more...

23 March 2022

CASEreport

Climate Crisis/Housing Crisis: How can social landlords reconcile safety and energy saving?

Ellie Benton, Ruby Russell, Anne Power and LSE Housing and Communities

11 March 2022

Econometrics Paper

Minimax Risk in Estimating Kink Threshold and Testing

Javier Hidalgo, Heejun Lee, Jungyoon Lee and Myung Hwan Seo

We derive a risk lower bound in estimating the threshold parameter without knowing whether the threshold regression model is continuous or not. The bound goes to zero as the sample size n grows only at the cube root ra...Read more...

3 March 2022

Econometrics Paper

Nonparametric prediction with spatial data

Abhimanyu Gupta and Javier Hidalgo

We describe a (nonparametric) prediction algorithm for spatial data, based on a canonical factorization of the spectral density function. We provide theoretical results showing that the predictor has desirable asymptot...Read more...

3 March 2022

Econometrics Paper

Bandwidth selection for nonparametric regression with errors-in-variables

Hao Dong, Taisuke Otsu and Luke Taylor

We propose two novel bandwidth selection procedures for the nonparametric regression model with classical measurement error in the regressors. Each method is based on evaluating the prediction errors of the regression us...Read more...

25 January 2022

SPDO Research Note

distoutc and svydistoutc: Help file to accompany Stata programmes for undertaking distributional analysis of categorical outcome variables

Eleni Karagiannaki

Downloadable STATA programmes and accompanying help files for estimating a range of distributional statistics for any categorical variable (e.g. employment status, poverty status etc) overall and for each of the groups i...Read more...

25 January 2022

SPDO Research Note

distout and svydistout: Help file to accompany Stata programmes for undertaking distributional analysis of continuous outcome variables

Eleni Karagiannaki

Downloadable STATA programmes and accompanying help files for estimating a range of distributional statistics for any continuous variable (e.g. earnings, equivalised household disposable income) overall and for each of t...Read more...

25 January 2022

CASEbrief

Poverty and parenting in the UK: Patterns and pathways between economic hardship and mothers' parenting practices

Kerris Cooper

This research examines to what extent there are differences in parenting across income groups, and whether these differences are unique to low-income parents. When comparisons are made across all income groups, rather th...Read more...

11 January 2022

Econometrics Paper

Estimating density ratio of marginals to joint: Applications to causal inference

Yukitoshi Matsushita, Taisuke Otsu and Keisuke Takahata

In various fields of data science, researchers often face problems of estimating the ratios of two probability densities. Particularly in the context of causal inference, the product of marginals for a treatment variable...Read more...

7 January 2022

CASEreport

Oasis Community Housing: Review of change through COVID and beyond

Anne Power and Bert Provan

Small, locally based housing associations provide invaluable local services to homeless and rough sleeping people. Oasis Community Housing undertakes this work in Gateshead, Sunderland and South Tyneside, providing day c...Read more...

3 December 2021

CASEpaper

No such thing as a free lunch? Exploring the consistency, validity, and uses of the ‘Free School Meals’ (FSM) measure in the National Pupil Database

Tammy Campbell and Polina Obolenskaya

This paper examines the existing literature on what the Free School Meals (‘FSM’) measure in the National Pupil Database (NPD) can proxy, and on ways in which the measure is used and understood. Through new empirical ana...Read more...

12 November 2021

CASEbrief

Children and Families Seeking Asylum in the UK

Ilona Pinter

This CASEBrief provides a summary of new administrative data on children and families seeking asylum in the UK and those receiving support from the Home Office under the Asylum Support system. Much of the recent debate o...Read more...

28 October 2021

Econometrics Paper

Equilibrium multiplicity in dynamic games: testing and estimation

Taisuke Otsu and Martin Pesendorfer

This paper surveys the recent literature on dynamic games estimation when there is a concern of equilibrium multiplicity. We focus on the questions of testing for equilibrium multiplicity and estimation in the presence o...Read more...

26 October 2021

Econometrics Paper

Multiway empirical likelihood

Harold D Chiang, Yukitoshi Matsushita and Taisuke Otsu

his paper develops a general methodology to conduct statistical inference for observations indexed by multiple sets of entities. We propose a novel multiway empirical likeli- hood statistic that converges to a chi-square...Read more...

19 October 2021

CASEreport

What is the role of housing associations in providing intermediate and market rented housing?

Ellie Benton and Anne Power

4 October 2021

Econometrics Paper

Nonparametric inference for extremal conditional quantiles

Daisuke Kurisu and Taisuke Otsu

This paper studies asymptotic properties of the local linear quantile estimator under the extremal order quantile asymptotics, and develops a practical inference method for conditional quantiles in extreme tail areas. By...Read more...

14 September 2021

SPDO Knowledge Exchange Brief

Social care inequalities in England: evidence briefing

Nic Brimblecombe and Tania Burchardt

Adult social care in England is once again high on the political agenda. The government has announced the introduction of a lifetime cap on eligible care costs and a slightly less harsh means-test for publicly-funded car...Read more...

8 September 2021

CASEpaper

A time of need: Exploring the changing poverty risk facing larger families in the UK

Kitty Stewart, Aaron Reeves and Ruth Patrick

Child poverty in the UK has seen rapid change over the last two decades, broadly falling from the late 1990s until 2012/13 and rising since then. As a result, child poverty rates converged with rates of poverty for worki...Read more...

28 July 2021

SPDO Knowledge Exchange Brief

Geographical inequalities in England on the eve of the pandemic

Polina Obolenskaya

This briefing forms part of the Nuffield Foundation funded research programme, Social Policies and Distributional Outcomes in a Changing Britain (SPDO), which examines social policies and social inequalities between the ...Read more...

20 July 2021

SPDO Knowledge Exchange Brief

Ethnic inequalities on the eve of the pandemic

Kerris Cooper

This research, funded by the Nuffield Foundation, evaluated the impact of changes in social policies on inequalities since 2015 up until the eve of the pandemic. This briefing focuses on the findings that relate to ethni...Read more...

20 July 2021

Econometrics Paper

On linearization of nonparametric deconvolution estimators for repeated measurements model

Daisuke Kurisu and Taisuke Otsu

By utilizing intermediate Gaussian approximations, this paper establishes asymptotic linear representations of nonparametric deconvolution estimators for the classical measurement error model with repeated measurements. ...Read more...

19 July 2021

CASEpaper

Special Educational Needs and Disabilities within the English primary school system: What can disproportionalities by season of birth contribute to understanding processes behind attributions and (lack of) provisions?

Tammy Campbell

This working paper uses de-identified National Pupil Database records spanning 2008 – 2018 (N children=6 million+) to map disproportionalities by birth season and gender in attributions of levels of Special Education...Read more...

1 June 2021

CASEreport

CASE Annual Report 2020

The 2020 CASE Annual Report includes an overview of our Centre’s work, updates from our staff, PhDs, and associates, and summaries of publications and events from the past year. It also features 16 articles showcasing th...Read more...

5 May 2021

EEE Working Paper

The Origins and Control of Forest Fires in the Tropics

Clare Balboni, Robin Burgess and Benjamin Olken

Pigou (1920) pointed to "uncompensated damage done to surrounding woods by sparks from railway engines" as the canonical example of an environmental externality. We study a modern corollary - tropical forest fires used f...Read more...

19 March 2021

CASEbrief

Little fish, big streams: How do early in-class maths ‘ability’-groups and early teacher judgements relate to primary school children’s later maths self-concept?

Tammy Campbell

This paper summarises research examining predictors of primary school children’s maths self-concept at age 11. It finds that the in-class ‘ability’ group children were placed in four years earlier, at age seven, strongly...Read more...

19 March 2021

Social Policies and Distributional Outcomes Research Paper

The Ruling Parties’ Record on Homelessness and Complex Needs (May 2015 to pre-COVID 2020)

Suzanne Fitzpatrick and Glen Bramley

This paper provides a comparative analysis of homelessness policy goals, expenditure and outcomes across Great Britain in the post-2015 period, setting these developments in their longer-term perspective. In England, a r...Read more...

10 March 2021

Journal Article

Long-Term Contracting With Time-Inconsistent Agents

Daniel Gottlieb and Xingtan Zhang

We study contracts between naive present-biased consumers and risk-neutral firms. We show that the welfare loss from present bias vanishes as the contracting horizon grows. This is true both when bargaining power is on t...Read more...

1 March 2021

CASEpaper

The birthweight effects of universal child benefits in pregnancy: quasi-experimental evidence from England and Wales

Mary Reader

Over a decade ago, in April 2009, the UK Labour government introduced the Health in Pregnancy Grant (HPG), a cash transfer of the equivalent of child benefit over the third trimester (£190) as a lump sum to all pregnant ...Read more...

24 February 2021

Social Policies and Distributional Outcomes Research Paper

The Conservative Governments’ Record on Social Security: Policies, Spending and Outcomes, May 2015 to pre-COVID 2020

Kerris Cooper and John Hills

This paper uses the Social Policies and Distributional Outcomes framework to evaluate how social security policies evolved, how public spending changed, the effects of these on the generosity of the system, and evidence ...Read more...

23 February 2021

Social Policies and Distributional Outcomes Overview Paper

The Conservative Governments' Record on Social Policy from May 2015 to pre-COVID 2020: Policies, Spending and Outcomes

This overview report provides an assessment of social policy developments under the three Conservative Governments that were in power between May 2015 and the eve of the COVID-19 pandemic in early 2020. The report provid...Read more...

22 February 2021

CASEreport

Community Responses to the Coronavirus Pandemic: Case Study Report

Ellie Benton and Anne Power

The COVID-19 pandemic and the lockdown that followed created a unique set of circumstances: people over 70 and those with underlying health conditions were forced to self-isolate; day to day activities stopped; people be...Read more...

9 February 2021

CASEreport

Community responses to the Coronavirus Pandemic: How mutual aid can help

Ellie Benton and Anne Power

The beginnings of the COVID-19 pandemic caused panic over job losses, food and toiletry shortages and social isolation, over and above the health impacts of the virus. People wanted to help on a mass scale and there was ...Read more...

9 February 2021

CASEreport

Opening Doors: An evaluation of the London Borough of Newham's Housing First Pilot Project

LSE Housing and Communities, Laura Lane, Anne Power and Bert Provan

In 2018, the London Borough of Newham (LBN) commissioned LSE Housing and Communities to undertake an evaluation of their "Housing First" pilot project. The main objectives for the evaluation were: 1. To understand the pr...Read more...

5 February 2021

Social Policies and Distributional Outcomes Research Paper

The Conservative Governments' Record on Early Childhood from May 2015 to pre-COVID 2020: Policies, Spending and Outcomes

Kitty Stewart and Mary Reader

This paper uses the Social Policies and Distributional Outcomes framework to evaluate the record of successive Conservative administrations on early childhood during the period between 2015 and the eve of the COVID-19 pa...Read more...

1 February 2021

Econometrics Paper

Reweighted nonparametric likelihood inference for linear functionals

Karun Adusumilli, Taisuke Otsu and Chen Qiu

This paper is concerned with inference on finite dimensional parameters in semiparametric moment condition models, where the moment functionals are linear with respect to unknown nuisance functions. By exploiting this li...Read more...

1 December 2020

CASEpaper

Did the introduction of the benefit cap in Britain harm mental health? A natural experiment approach

Aaron Reeves, Mark Fransham, Kitty Stewart and Ruth Patrick

In November 2016, the UK government announced they would be lowering the benefit cap, the total amount a family with no-one in full-time employment can receive from the government in social security. This policy change r...Read more...

26 November 2020

Social Policies and Distributional Outcomes Research Paper

The Conservatives’ Record on Adult Social Care: spending, policies and outcomes in England, May 2015 to pre-COVID 2020

Tania Burchardt, Polina Obolenskaya and Jarrod Hughes

This paper uses the Social Policies and Distributional Outcomes framework to evaluate developments in adult social care policies in England during the period between 2015 and the eve of COVID-19 pandemic in February 2020...Read more...

3 November 2020

Social Policies and Distributional Outcomes Research Paper

The Conservatives' Record on Compulsory education: spending, policies and outcomes in England, May 2015 to pre-COVID 2020

Ruth Lupton and Polina Obolenskaya

This paper reviews education policy in England for the period since the Conservative Government took office in 2015 to the eve of COVID-19 pandemic. We consider the effects of policies on the school system, teachers, cur...Read more...

22 October 2020

CASEreport

Tackling Homelessness: Case Studies

LSE Housing and Communities

This report documents 17 case studies of homelessness provision and support in the United Kingdom. Promoting shared learning amongst the providers of homelessness support can improve the capacity and delivery of homeless...Read more...

11 September 2020

CASEreport

Homelessness and Housing First: A guide to good practice

LSE Housing and Communities

This report explores the homelessness context in the UK, its causes, and the government's approach to tackling homelessness. It also provides evidence of successes and failures of three government funded Housing First pi...Read more...

11 September 2020

CASEbrief

COVID-19: has the pandemic affected relationships between children and their non-resident parents?

Caroline Bryson and Stephen McKay

The well-being and outcomes of children living in separated families are associated with the quality of their relationship with their non-resident parent, and child maintenance provided by that parent. It is therefore im...Read more...

10 September 2020

Economics of Industry Paper

Government financing of R&D: A mechanism design approach

Saul Lach, Zvika Neeman and Mark Schankerman

We study how to design an optimal government loan program for risky R&D projects with positive externalities. With adverse selection, the optimal government contract involves a high interest rate but nearly zero co-finan...Read more...

26 August 2020

SPDO Research Note

The post war welfare state: stages and disputes

Howard Glennerster

It has been suggested that the COVID epidemic, and its profound economic and social consequences, may produce major changes in the dominant ideas that help set the boundaries to social action. This note reflects on sig...Read more...

12 August 2020

CASEreport

City of Walbrzych: Technical Assistance for Mitigating the Social and Economic Challenges of The City

Maciej Borsa, Aleksandra Jadach-Sepiolo and Bert Provan

This report addresses options for city renewal in the medium sized, but shrinking, Polish city of Walbrzych. It provides an overview of the impact of the rapid closure of the mining industry in the mid-1990s, in terms o...Read more...

6 August 2020

Econometrics Paper

Jackknife Lagrange multiplier test with many weak instruments

Yukitoshi Matsushita and Taisuke Otsu

This paper proposes a jackknife Lagrange multiplier (JLM) test for instrumental variable regression models, which is robust to (i) many instruments, where the number of instruments may increase proportionally with the sa...Read more...

5 August 2020

SPDO Research Note

Does COVID-19 represent a 'new Beveridge' moment, a crisis that will wash away, or a call to action?

Tania Burchardt

Report of a roundtable discussion on theories of welfare...Read more...

29 July 2020

Policy decisions and evidence use among civil servants: A group decision experiment in Pakistan

Laura Metzger, Adnan Qadir Khan and Teddy Svoronos

In a lab-in-field experiment with elite civil servants in Pakistan, we investigate whether groups outperform individuals in a two-staged task which requires effective use of data and evidence. We also study how efficient...Read more...

24 April 2020

Journal Article

Longitudinal and Life Course Studies:

Young British adults homeownership circumstances and the role of intergenerational transfers

Ellie Suh

Despite the continuing preference for homeownership, it has become increasingly difficult for young adults to own a home in Britain. House prices have increased faster than real earnings between the mid-1990s and the 201...Read more...

21 April 2020

Development Discussion Paper

Why Do People Stay Poor?

Clare Balboni, Oriana Bandiera, Robin Burgess, Maitreesh Ghatak and Anton Heil

There are two views as to why people stay poor. The equal opportunity view emphasizes that differences in individual traits like talent or motivation make the poor choose low productivity jobs. The poverty traps view e...Read more...

9 March 2020

CASEbrief

The National Living Wage and falling earnings inequality

Abigail McKnight and Kerris Cooper

The more generous National Living Wage replaced the National Minimum Wage for employees aged 25 and over in April 2016. In April 2020 it is due to increase to 60% of the average wage. In this policy brief we assess the ...Read more...

6 March 2020

CASEpaper

Intra-household inequality and adult material deprivation in Europe

Eleni Karagiannaki and Tania Burchardt

In most research on living standards, material deprivation is measured using household-level material deprivation indicators. However, if resources are not shared equally within households, conventional material deprivat...Read more...

2 March 2020

CASEreport

Extending the "move-on" period for newly granted refugees: Analysis of impacts and costs

Bert Provan

This report considers the impact of extending the "move-on" period (currently 28 days) which is allowed to refugees, once they are awarded Leave to Remain in the UK. This question arises for those refugees who were in re...Read more...

18 February 2020

CASEreport

SUMMARY – Living on Different Incomes in London: Can public consensus identify a 'riches line'?

Tania Burchardt, Abigail Davis, Ian Gough, Katharina Hecht, Donald Hirsch, Karen Rowlingson and Kate Summers

There is widespread public and political concern about economic inequality in the UK today but relatively little research exploring people’s opinions about high incomes, wealth and what it means to be rich. This innovati...Read more...

14 February 2020

CASEreport

Living on Different Incomes in London: Can public consensus identify a 'riches line'?

Abigail Davis, Katharina Hecht, Tania Burchardt, Ian Gough, Donald Hirsch, Karen Rowlingson and Kate Summers

London is home to vast and visible economic inequality, where the richest 10 per cent own 61 per cent of overall wealth, while at the same time four in ten Londoners do not earn enough for what is considered by the publi...Read more...

14 February 2020

Journal Article

Journal of Poverty and Social Justice:

Universal simplicity? The alleged simplicity of Universal Credit from administrative and claimant perspectives

Kate Summers and David Young

A key aim of Universal Credit is to simplify the social security system. While several aspects of its introduction have received critical attention, this overarching aim continues to receive acceptance and support. Drawi...Read more...

10 February 2020

CASEreport

Understanding the relationship between inequalities and poverty: policy toolkit

Irene Bucelli, Abigail McKnight and Kate Summers

This toolkit examines policies with a potential 'double dividend': policies that could lead to reductions in both poverty and inequality in the UK. The selection of policies has been informed by a larger research progra...Read more...

4 February 2020

Understanding the relationship between inequalities and poverty: a review of dynamic mechanisms

Magali Duque and Abigail McKnight

In this paper we examine the evidence on how dynamic mechanisms, which include earnings and income mobility, poverty dynamics, social mobility and the accumulation of risk and advantage over the lifecycle, may be a contr...Read more...

30 October 2019

Special or Commissioned Report

Report for Age International:

Understanding, Beliefs and Treatment of Dementia in Pakistan

Asghar Zaidi, Rosalind Willis, Nicolas Farina, Sara Balouch, Hussain Jafri, Irfan Ahmed, Quratulain Khan and Rubina Jaffri

This study investigates the experiences of people with dementia and their family carers, as well as wider understanding of the condition in Pakistan. Methodology Interviews with 40 dementia patients and caregivers, ...Read more...

1 September 2019

CASEreport

Estate Regeneration and Social Value

Anne Power and Bert Provan

Home Group is committed to assessing the social value to low income communities of regeneration and upgrading. This research was commissioned by Home Group and closely links to their recently developed “Customer Promise”...Read more...

22 August 2019

Social Policies and Distributional Outcomes Research Paper

Physical safety and Security: Policies, spending and outcomes 2015-2020

Kerris Cooper and Nicola Lacey

This paper sets out to evaluate the development of policy in relation to physical safety and security in the period since the Conservative Government took office in 2015. Whilst people’s physical safety and security depe...Read more...

13 August 2019

Econometrics Paper

Jackknife, small bandwidth and high-dimensional asymptotics

Yukitoshi Matsushita and Taisuke Otsu

This paper sheds light on problems of statistical inference under alternative or nonstandard asymptotic frameworks from the perspective of jackknife empirical likelihood (JEL). Examples include small bandwidth asymptotic...Read more...

22 July 2019

Econometrics Paper

On the uniform convergence of deconvolution estimators from repeated measurements

Daisuke Kurisu and Taisuke Otsu

This paper studies the uniform convergence rates of Li and Vuong's (1998) nonparametric deconvolution estimator and its regularized version by Comte and Kappus (2015) for the classical measurement error model, where repe...Read more...

22 July 2019

CASEreport

CASE Annual Report 2018

This is our annual report for the calendar year 2018, which includes some new features - CASE notes, highlighting 10 key insights from our research this year, ‘2018 in numbers’, and a fresh format for the report as a wh...Read more...

22 July 2019

CASEpaper

Understanding the relationship between poverty, inequality and growth: a review of existing evidence

Abigail McKnight

This paper reviews the theoretical literature and empirical evidence on the relationship between poverty, inequality and economic growth. It finds evidence that economic inequality is good for growth as well as new conv...Read more...

18 July 2019

CASEreport

EXECUTIVE SUMMARY - Managing the Unmanageable: Debt and Financial Resilience in Newham

Laura Lane and Anne Power

An executive summary of CASEreport 123 (https://sticerd.lse.ac.uk/dps/case/cr/casereport123.pdf) which aims to understand the links between work, low pay, benefits, credit, debt, and savings among low-income households i...Read more...

9 July 2019

CASEreport

Managing the Unmanageable: Debt and financial resilience in Newham

LSE Housing and Communities, Laura Lane and Anne Power

This research aims to understand the links between work, low pay, benefits, credit, debt, and savings among low-income households in East London. Our work around debt and financial resilience in Newham goes back a number...Read more...

9 July 2019

CASEpaper

Understanding the relationship between inequalities and poverty: mechanisms associated with crime, the legal system and punitive sanctions

Magali Duque and Abigail McKnight

This paper outlines the various issues pertaining to how crime, the legal system and punitive sanctions may provide a mechanism through which inequality is positively related to poverty. We analyse trends in crime rates...Read more...

3 July 2019

Social Policies and Distributional Outcomes Research Paper

Flat-lining or seething beneath the surface? Two decades of changing economic inequality in the UK

Polina Obolenskaya and John Hills

This paper analyses what happened to economic inequalities in the United Kingdom in the two decades from 1995-96. In aggregate, inequality changes were unremarkable, especially by comparison with sharp increases in the ...Read more...

2 July 2019

CASEpaper

Inequalities in the experience of early education in England: Access, peer groups and transitions

Tammy Campbell, Ludovica Gambaro and Kitty Stewart

This paper summarises the output of a Nuffield-funded research project exploring inequalities in three aspects of children’s experience in early education in England. The main focus of the project was on ‘peer effects’ i...Read more...

7 June 2019

CASEbrief

Inequalities in the experience of early education in England: Access, peer groups and transitions

Tammy Campbell, Ludovica Gambaro and Kitty Stewart

There are long-standing disparities in child development between children from different backgrounds. Progress in narrowing gaps is slow and differences remain wide, especially by household income. This Nuffield Found...Read more...

7 June 2019

International Studies Paper

Japan's response to Britain's wartime naval appeals, 1917-19

Ian Nish

This pamphlet continues our series of publications devoted to conditions in Japan in the period of the Taisho Emperor who reigned from 1912 to 1926. Taisho Studies have tended to be neglected because it was a comparative...Read more...

6 June 2019

CASEpaper

Reducing Mommy Penalties with Daddy Quotas

Allison Dunatchik and Berkay Özcan

This paper investigates whether daddy quotas - non-transferable paternity leave policies - mitigate motherhood penalties women face in the labor market. Using the introduction of a daddy quota in Quebec, Canada as a natu...Read more...

22 May 2019

Econometrics Paper

Score estimation of monotone partially linear index model

Mengshan Xu and Taisuke Otsu

17 May 2019

Econometrics Paper

Average derivative estimation under measurement error

Hao Dong, Taisuke Otsu and Luke Taylor

17 May 2019

CASEreport

LSE-IMF Joint Workshop Social Protection in a Changing World

A Brandolini, Tania Burchardt, Domingo Hernandez, Clement Julien and Thomas Stubbs

This is a summary report of 'Social Protection in a Changing World' - a workshop jointly sponsored by the LSE and IMF and held at the London School of Economics in November 2018. As part of its strategic focus, the LSE ...Read more...

9 April 2019

CASEreport

Retrofit to the Rescue: Environmental upgrading of multi-storey estates

Alice Belotti, Ellie Benton, Laura Lane and Anne Power

'Retrofit to the Rescue' looks at the ambitious refurbishment of Wilmcote House in Portsmouth for a new study on the social impact of retrofit works. In 2010 LSE Housing and Communities were asked to conduct interviews...Read more...

8 March 2019

Social Policies and Distributional Outcomes Research Paper

What does Brexit mean for social policy in the UK? An exploration of the potential consequences of the 2016 referendum for public services, inequalities and social rights

Kitty Stewart, Kerris Cooper and Isabel Shutes

The paper was written as part of a major research programme on trends in the distribution of social and economic outcomes in the UK and the design and impact of social policies. The paper seeks to map out the potential i...Read more...

26 February 2019

Journal Article

Demography:

IncomeRelated Gaps in Early Child Cognitive Development: Why Are They Larger in the US Compared to the UK, Australia and Canada?

Bruce Bradbury, Jane Waldfogel and Elizabeth Washbrook

Previous research has documented significantly larger income-related gaps in children's early cognitive development in the United States than in the United Kingdom, Canada, and Australia. In this study, we investigate th...Read more...

15 February 2019

CASEreport

Understanding the Relationship between Poverty and Inequality, Overview report

John Hills, Abigail McKnight, Irene Bucelli, Eleni Karagiannaki, Polly Vizard, Lin Yang, Magali Duque and Mark Rucci

An understanding that poverty and inequality are inextricably linked has given rise to a number of large international organisations setting joint inequality-poverty reduction targets on the basis that poverty cannot be...Read more...

30 January 2019

Journal Article

Child Indicators Research:

Child Poverty Amongst Young Carers in the UK: Prevalence and Trends in the Wake of the Financial Crisis, Economic Downturn and Onset of Austerity

Polly Vizard, Polina Obolenskaya and Tania Burchardt

The article provides the first estimates of prevalence and trends in child poverty amongst young carers aged 5–19 in the UK using specialized income data from the Family Resources Survey / the Households Below Average In...Read more...

14 January 2019

Econometrics Paper

Causal inference on regression discontinuity designs by high-dimensional methods

Yoichi Arai, Taisuke Otsu and Myung Hwan Seo

7 January 2019

Journal Article

Oxford Economic Papers:

The ‘mighty girl’ effect: does parenting daughters alter attitudes towards gender norms?

Mireia Borrell-Porta, Joan Costa-Font and Julia Philipp

We study the effect of parenting daughters on attitudes towards gender norms in the UK; specifically, attitudes towards the traditional male breadwinner norm in which it is the husband's role to work and the wife's to st...Read more...

1 January 2019

CASEbrief

Money and Meaning: How working-age social security benefit recipients understand and use their money

Kate Summers

This CASEBrief summarises Kate Summers’ doctoral research. The research aimed to develop a detailed picture of how working-age social security benefit recipients understand and use their money. Forty-three indepth, quali...Read more...

13 December 2018

Econometrics Paper

Nonparametric Estimation of Additive Model with Errors-in-Variables

Hao Dong and Taisuke Otsu

In estimation of nonparametric additive models, conventional methods, such as backfitting and series approximation, cannot be applied when measurement errors are present in covariates. We propose an estimator for such ...Read more...

27 November 2018

CASEpaper

The net effect of housing-related costs and advantages on the relationship between inequality and poverty

Lin Yang

This paper reviews the evidence of how the welfare state can shape the relationship between economic inequality and poverty through the channels of taxes, transfers and public good provision. In particular, we examine ho...Read more...

23 November 2018

CASEpaper

The relationship between poverty and inequality: Resource constraint mechanisms

Lin Yang

This paper examines how inequality from the interaction of income and housing circumstances changes the relative position of households in the income distribution, and influences the incidence and socio-demographic prof...Read more...

23 November 2018

Social Policies and Distributional Outcomes Research Paper

City-region devolution in England

Ruth Lupton, Ceri Hughes, Sian Peake-Jones and Kerris Cooper

This paper explores recent developments in the devolution of powers to subnational governments in England and its implications for social policy making and the distribution of economic and social outcomes. It is general...Read more...

21 November 2018

Social Policies and Distributional Outcomes Research Paper

Country level devolution: Scotland

Mark Stephens and Suzanne Fitzpatrick

The Scottish Parliament has been in existence for nearly two decades. Its powers have been extended to cover a number of taxes and areas of social security in recent years. This paper examines the use of these powers and...Read more...

21 November 2018

Econometrics Paper

Likelihood ratio inference for missing data models

Karun Adusumilli and Taisuke Otsu

Missing or incomplete outcome data is a ubiquitous problem in biomedical and social sciences. Under the missing at random setup, inverse probability weighting is widely applied to estimate and make inference on the popul...Read more...

30 October 2018

CASEpaper

Non-resident parents: Why are they hard to capture in surveys and what can we do about it?

Caroline Bryson and Stephen McKay

The under-representation of non-resident parents in surveys has long hindered research on family separation, leaving key evidence gaps for those making policy and practice decisions related to separating and separated fa...Read more...

25 October 2018

CASEreport

Never Just a Number: Evaluating the impact of a holistic approach to UK poverty

Ellie Benton, Laura Lane, Anne Power and Bert Provan

The core aim of the research is to show the social value of CAP’s work in tackling poverty and related problems of debt, joblessness, dependency, and low capacity. The evaluation covers the four main strands of CAP’s app...Read more...

23 October 2018

Journal Article

Journal of Social Policy:

Formal and Informal Long-Term Care in the Community: Interlocking or Incoherent Systems?

Tania Burchardt, Emily Jones and Polina Obolenskaya

Help with activities of daily living for people in the community is provided through formal services (public and private) and informal (often unpaid) care. This paper investigates how these systems interlock and who is a...Read more...

1 July 2018

Public Economics Programme Discussion Paper

Inequality Measurement and the Rich: Why inequality increased more than we thought

Frank A Cowell and Emmanuel Flachaire

Many standard inequality measures can be written as ratios with the mean in the denominator. When one income moves away from equality, both the numerator and the denominator may vary in the same direction and such indic...Read more...

27 June 2018

CASEreport

CASE Annual Report 2017

Kerris Cooper and Abigail McKnight

A summary of the output of the Centre for Analysis of Social Exclusion: The work programme of the Centre includes monitoring social spending, policies and outcomes in the UK, international comparisons of poverty and of t...Read more...

19 June 2018

Development Discussion Paper

Eliciting and Utilizing Willingness-to-pay: Evidence from Field Trials in Northern Ghana

James Berry, Greg Fischer and Raymond Guiteras

Using the Becker-DeGroot-Marschak (BDM) mechanism, we estimate the willingness-to-pay (WTP) for and impact of clean water technology through a field experiment in Ghana. Although WTP is low relative to the cost, demand ...Read more...

25 May 2018

CASEpaper

Does Part-Time Mothering Help Get a Job? The Role of Shared Custody in Women’s Employment

Carole Bonnet, Bertrand Garbinti and Anne Solaz

Though shared custody arrangements after divorce are more and more frequent in many countries, little is known about their economic consequences for parents. By relaxing family time constraints, does shared custody help ...Read more...

25 April 2018

CASEreport

Overcoming the Stigma of Social Housing: Can social housing rebuild its reputation?

Anne Power and Bert Provan

14 March 2018

CASEreport

Overcoming the Stigma of Social Housing: Findings from Tenant Think Tanks

Anne Power

14 March 2018

CASEreport

Child poverty and multidimensional disadvantage: Tackling "data exclusion" and extending the evidence base on "missing" and "invisible" children (Overview report)

Tania Burchardt, Polly Vizard, Polina Obolenskaya, Isabel Shutes and Mario Battaglini

This report provides an overview of the findings from the Nuffield Foundation research project, ‘Multidimensional child poverty and disadvantage: tackling “data exclusion” and extending the evidence base on “missing” a...Read more...

2 March 2018

CASEpaper

Experience of multiple disadvantage among Roma, Gypsy and Traveller children in England and Wales

Tania Burchardt, Polina Obolenskaya, Polly Vizard and Mario Battaglini

Roma, Gypsy and Traveller children across Europe experience high levels of disadvantage and have repeatedly been identified as a priority in European Commission policy documents, yet they are often missing or invisible i...Read more...

1 March 2018

Econometrics Paper

Inference Without Smoothing for Large Panels with Cross- Sectional and Temporal Dependence

Javier Hidalgo and Marcia M Schafgans

This paper addresses inference in large panel data models in the presence of both cross-sectional and temporal dependence of unknown form. We are interested in making inferences without relying on the choice of any smoo...Read more...

20 February 2018

Econometrics Paper

Likelihood corrections for two-way models

Koen Jochmans and Taisuke Otsu

The use of two-way fixed-effect models is widespread. The presence of incidental parameter bias, however, invalidates statistical inference based on the likelihood. In this paper we consider modifications to the (profile...Read more...

19 February 2018

CASEreport

Private Renting: How can social landlords help?

30 January 2018

Econometrics Paper

Adaptive Inference on Pure Spatial Models

Jungyoon Lee and Peter M Robinson

We consider adaptive tests and estimates which are asymptotically efficient in the presence of unknown, nonparametric, distributional form in pure spatial models. A novel adaptive Lagrange Multiplier testing procedure f...Read more...

26 January 2018

Development Discussion Paper

Tackling Youth Unemployment: Evidence from a Labour Market Experiment in Uganda

Livia Alfonsi, Oriana Bandiera, Vittorio Bassi, Robin Burgess, Imran Rasul, Munshi Sulaiman and Anna Vitali

We design a labour market experiment to compare demand-side and supply-side policies to tackle youth unemployment, a key issue in low-income countries. The experiment tracks 1700 workers and 1500 firms over four years to...Read more...

8 January 2018

Econometrics Paper

Information theoretic approach to high dimensional multiplicative models: Stochastic discount factor and treatment effect

Taisuke Otsu and Chen Qiu

This paper is concerned with estimation of functionals of a latent weight function that satisfies possibly high dimensional multiplicative moment conditions. Main examples are missing data problems, treatment effects, an...Read more...

4 January 2018

Book

Decent incomes for all: Improving policies in Europe

Edited by Bea Cantillon, Tim Goedemé and John Hills

This book aims to shed new light on recent poverty trends in the European Union, responses by European welfare states, and how progress can be made to realize a decent income for all. The text analyzes the effect of ...Read more...

1 January 2018

Public Economics Programme Discussion Paper

Inheritance Taxation: Redistribution and Predistribution

Frank A Cowell, Chang He and Dirk Van de gaer

It is well known that taxes on the transfer of wealth typically raise very little revenue. However, this does not mean that they are ineffective as tools for redistribution. In this paper we show how important such tax...Read more...

8 December 2017

Public Economics Programme Discussion Paper

Condorcet was Wrong, Pareto was Right: Families, Inheritance and Inequality

Frank A Cowell and Dirk Van de gaer

Double Trouble: A review of the relationship between UK poverty and economic inequality

AbigailMcKnight, Magali Duque and Mark Rucci

The link between inequality and poverty has been highlighted by a number of international organisations, which have outlined a series of policy recommendations supporting the view that high levels of inequality need to...Read more...

9 November 2017

Book

Heat, Greed and Human Need
Climate Change, Capitalism and Sustainable Wellbeing

Ian Gough

Watch Professor Ian Gough present his new book which aims to build an essential bridge between climate change and social policy: Download slides from the launch event here This book buil...Read more...

1 November 2017

Public Economics Programme Discussion Paper

Risk-based Selection in Unemployment Insurance: Evidence and Implications

Camille Landais, Arash Nekoei, Peter Nilsson, David Seim and Johannes Spinnewijn

This paper studies whether adverse selection can rationalize a universal mandate for unemployment insurance (UI). Building on a unique feature of the unemployment policy in Sweden, where workers can opt for supplemental ...Read more...

10 October 2017

Development Discussion Paper

The Political Impact of the Internet on US Presidential Elections

Valentino Larcinese and Luke Miner

What are the political consequences of the diffusion of broadband internet? We address this question by studying the 2008 US presidential election, the first political campaign where the internet played a key role. Drawi...Read more...

21 September 2017

SPCC Working Paper

The Effects of English Secondary School System Reforms (2002-2014) on Pupil Sorting and Social Segregation: A Greater Manchester Case Study

Stephanie Thomson and Ruth Lupton

The English secondary school system has been undergoing rapid change. 60% of secondary schools are now Academies. Opponents of these changes fear, among other things, greater social segregation, while supporters argue t...Read more...

11 August 2017

Journal Article

The Political Quarterly:

Mixing Communities? Riots, Regeneration and Renewal on Problem Estates in France and England

Bert Provan

Riots, social exclusion, and endless improvement programmes have been a feature of the poorest neighbourhoods in France and England for the last thirty-five years or more—particularly focused on large social housing esta...Read more...

24 July 2017

CASEpaper

Does Money Affect Children's Outcomes? An update

Kerris Cooper and Kitty Stewart

This report provides an update to Does Money Affect Children’s Outcomes?: A Systematic Review, published in October 2013. Using systematic search approaches, we review the literature examining the relationship between ho...Read more...

12 July 2017

Special or Commissioned Report

LSE Consulting Report for the Social Mobility Commission:

Low Cost Home Ownership Schemes

Bert Provan, Alice Belotti, Laura Lane and Anne Power

Low Cost Home Ownership (LCHO) schemes are common in many countries. OECD evidence suggests this is based on the idea that they promote wealth accumulation, better outcomes for children, and higher levels of social cap...Read more...

3 July 2017

Public Economics Programme Discussion Paper

Tony Atkinson and his Legacy

A Brandolini, Stephen P Jenkins and John Micklewright

Tony Atkinson is universally celebrated for his outstanding contributions to the measurement and analysis of inequality, but he never saw the study of inequality as a separate branch of economics. He was an economist in...Read more...

27 June 2017

Econometrics Paper

Likelihood inference on semiparametric models: Average derivative and treatment effect

Yukitoshi Matsushita and Taisuke Otsu

In the past few decades, much progress has been made in semiparametric modeling and estimation methods for econometric analysis. This paper is concerned with inference (i.e., confidence intervals and hypothesis testing) ...Read more...

27 June 2017

CASEpaper

Measuring individual well-being: A multidimensional index integrating subjective well-being and preferences

Lin Yang

Policymakers have begun looking for measures to assess the well-being of their citizens beyond GDP per capita and disposable income levels. However, the multidimensional and subjective nature of human well-being makes de...Read more...

16 June 2017

CASEreport

CASE Annual Report 2016

Kerris Cooper and Kitty Stewart

29 March 2017

Public Economics Programme Discussion Paper

Welfare and Inequality Comparisons for Uni- and Multi-dimensional Distributions of Ordinal Data

Frank A Cowell, Martyna Kobus and Radoslaw Kurek

Decision makers and social planners are often faced with a problem of evaluating distributions of ordinal variables i.e. variables for which there are no numbers but only the ordering, such as, for example, self-reported...Read more...

22 March 2017

Book

Good Times, Bad Times
The Welfare Myth of Them and Us

John Hills

Revised edition. Previous edition: 2015. Two-thirds of UK government spending now goes on the welfare state and where the money is spent – healthcare, education, pensions, benefits – is the centre of political and pub...Read more...

22 February 2017

Econometrics Paper

Empirical likelihood for high frequency data

Lorenzo Camponovo, Yukitoshi Matsushita and Taisuke Otsu

With increasing availability of high frequency financial data as a background, various volatility measures and related statistical theory are developed in the recent literature. This paper introduces the method of empiri...Read more...

21 February 2017

Econometrics Paper

Robust Inference and Testing of Continuity in Threshold Regression Models

Javier Hidalgo, Jungyoon Lee and Myung Hwan Seo

This paper is concerned with inference in regression models with either a kink or a jump at an unknown threshold, particularly when we do not know whether the kink or jump is the true specification. One of our main resu...Read more...

13 February 2017

CASEreport

An Agenda for Housing Plus

Anne Power

This Agenda for Housing Plus pulls together evidence that Housing Plus is fundamental to the way social landlords do business. Housing Plus refers to the wider activities and impact of social landlords on the communities...Read more...

9 February 2017

CASEpaper

Inequality and the Capability Approach

Tania Burchardt and Rod Hick

Inequality has acquired a newfound prominence in academic and political debate. While scholars working with the capability approach have succeeded in influencing the nature of debate about the conceptualisation and measu...Read more...

13 January 2017

SPCC Research Note

New research evidence on social mobility and educational attainment

John Hills

based on research by Jo Blanden, Claire Crawford, Ellen Greaves, Paul Gregg, Lindsey Macmillan, Abigail McKnight, Luke Sibieta and Anna Vignoles...Read more...

19 December 2016

CASEpaper

Citizen's Income: Rights and Wrongs

David Piachaud

A Citizen’s Income, or a Basic Income, is not a new idea but it has been receiving increasing attention. There is confusion about the idea and an attempt is made to distinguish different concepts. Then a full Citizen’s I...Read more...

1 December 2016

CASEreport

Community Enterprise: Creating Sustainable Communities Report from a Community Enterprise Think Tank

Alice Belotti

28 November 2016

CASEpaper

Benefit `myths'? The accuracy and inaccuracy of public beliefs about the benefits system

Ben Baumberg Geiger

There is a widespread assumption that increasingly negative public attitudes to the benefits system are due to ‘myths’ held by the British public. However, there is little prior research on whether the public believe the...Read more...

17 October 2016

CASEpaper

Pareto and the upper tail of the income distribution in the UK: 1799 to the present

Anthony B. Atkinson

The Pareto distribution has long been a source of fascination to economists, and the Pareto coefficient is widely used, in theoretical and empirical studies, as a summary of the degree of concentration of top incomes. Th...Read more...

17 October 2016

Econometrics Paper

Local M-estimation with discontinuous criterion for dependent and limited observations

Myung Hwan Seo and Taisuke Otsu

This paper examines asymptotic properties of local M-estimators under three sets of high-level conditions. These conditions are sufficiently general to cover the minimum volume predictive region, conditional maximum scor...Read more...

17 October 2016

Econometrics Paper

Likelihood inference on semiparametric models with generated regressors

Yukitoshi Matsushita and Taisuke Otsu

Hahn and Ridder (2013) formulated influence functions of semiparametric three step estimators where generated regressors are computed in the first step. This class of estimators covers several important examples for empi...Read more...

5 September 2016

Public Economics Programme Discussion Paper

Pareto models, top incomes, and recent trends in UK income inequality

Stephen P Jenkins

I determine UK income inequality levels and trends by combining inequality estimates from tax return data (for the ‘rich’) and household survey data (for the ‘non-rich’), taking advantage of the better coverage of top i...Read more...

18 August 2016

Public Economics Programme Discussion Paper

Choice and Competition in Public Service Provision

Timothy Besley and James M. Malcolmson

In spite of a range of policy initiatives in sectors such as education, health care and legal services, whether choice and competition is valuable remains contested territory. This paper studies the impact of choice and ...Read more...

16 August 2016

Public Economics Programme Discussion Paper

Aspirations and the Political Economy of Inequality

Timothy Besley

In standard approaches to the political economy of inequality, the income distribution and the preferences of households are taken as fixed when studying how incomes are determined within and between nations. This paper ...Read more...

16 August 2016

Econometrics Paper

Specification testing for errors-in-variables models

Taisuke Otsu and Luke Taylor

This paper considers specification testing for regression models with errors-in-variables and proposes a test statistic comparing the distance between the parametric and nonparametric fits based on deconvolution techniqu...Read more...

15 August 2016

Development Discussion Paper

Media, Demonstrations, and Public Good Delivery: Evidence from World Bank Projects during Natural Disasters

Nicola Limodio

Media can affect governments and public policy by promoting anti-government demonstrations. Under media pressure, a multitasking government might reallocate effort across tasks, rather than increase the total aggregate, ...Read more...

4 August 2016

Development Discussion Paper

Manager Assignment and Project Returns: Evidence from the World Bank

Nicola Limodio

I study the impact of World Bank managers on project success through the value-added method. Manager effects are interpretable as performance indices and are more volatile than country effects. Both correlate positively...Read more...

4 August 2016

CASEreport

Changing Rules and Spending Cuts: Helping tenants help themselves and their landlords. Report from two Tenant Think Tanks

Alice Belotti

28 July 2016

CASEreport

No Place Like An Accessible Home: Quality of life and opportunity for disabled people with accessible housing needs

Tania Burchardt, Bert Provan and Ellie Suh

Habinteg Housing and Papworth Trust commissioned CASE at LSE to report, primarily in relation to working age disabled people, on: 1. The extent of need for housing which has accessible features (for example a stair lift...Read more...

28 July 2016

International Studies Paper

Taisho Studies

Haruna Asonuma, Ayako Hotta-Lister, Ian Nish and Naraoka Sochi

Professor Naraoka, Associate Professor of Japanese Political and Diplomatic Historty, University of Kyoto, has been visiting Research Fellow in the International History department, LSE. In his researches into the diari...Read more...

28 July 2016

CASEpaper

How do experts think child poverty should be measured in the UK? An analysis of the Coalition Government’s consultation on child poverty measurement 2012-13

Kitty Stewart and Nick Roberts

This paper examines responses to a 2012-13 government consultation on child poverty measurement. It explores what these responses tell us about attitudes towards the child poverty indicators in the Child Poverty Act 2010...Read more...

14 July 2016

CASEpaper

Spatial microsimulation estimates of household income distributions in London boroughs, 2001 and 2011

Alex Fenton

Spatial microsimulation (SMS) is a range of techniques for estimating the local distribution of a variable – here, household income – by combining social survey microdata with Census or administrative population totals. ...Read more...

14 July 2016

CASEpaper

Gentrification in London: A progress report, 2001-2013

Alex Fenton

This paper investigates changes in the composition and spatial distribution of income poverty in London from 2001 to 2013, and considers them as evidence of gentrification. It is first argued that income poverty measures...Read more...

14 July 2016

SPCC Working Paper

Pulling in the Same Direction? Economic and Social Outcomes in London and the North of England Since the Recession

Polina Obolenskaya, Ruth Lupton and Bert Provan

The Social Policy in a Cold Climate research programme had two major components: first an analysis of the social policies and spending of Labour and Coalition governments from 1997 to 2015, and theirimpacts on poverty, i...Read more...

13 July 2016

CASEpaper

Income Poverty, Affluence and Polarisation Viewed From The Median

Rolf Aaberge, Anthony B. Atkinson and Henrik Sigstad

The present paper brings together different features of the distribution of income – poverty, affluence and dispersion – in a single framework that allows ready comparisons across countries. We believe that such a unifie...Read more...

12 July 2016

CASEpaper

Public and Private Welfare Activity in England

Polina Obolenskaya and Tania Burchardt

This paper is the latest in a series of publications documenting the shifting boundaries of private and public welfare activity for the years 1979/80, 1995/96, 1999/00 and 2007/08, and now 2013/14. It records who finance...Read more...

8 July 2016

CASEreport

6 May 2016

Book

Social Policy in a Cold Climate: policies and their consequences since the crisis

Edited by Ruth Lupton, Tania Burchardt, John Hills, Kitty Stewart and Polly Vizard

A new book published by Policy Press offers a data-rich, evidence-based analysis of the impact government policies from 2007/08 to 2015 have had on inequality and on the delivery of services such as health, education...Read more...

20 April 2016

CASEreport

CASE Annual Report 2015

Kitty Stewart and Kate Summers

6 April 2016

Development Discussion Paper

Labor Markets and Poverty in Village Economies

Oriana Bandiera, Robin Burgess, Narayan Das, Selim Gulesci, Imran Rasul and Munshi Sulaiman

We study how women’s choices over labor activities in village economies correlate with poverty and whether enabling the poorest women to take on the activities of their richer counterparts can set them on a sustainable...Read more...

Revised March 2016

CASEreport

Estate Regeneration and Community Impacts: Challenges and lessons for social landlords, developers and local councils

Alice Belotti

23 March 2016

Development Discussion Paper

A Better Life for All? Democratization and Electrification in Post-Apartheid South Africa

Verena Kroth, Valentino Larcinese and Joachim Wehner

Does democracy affect basic service delivery? If yes, who benefits, and which elements of democracy matter - enfranchisement, the liberalization of political organization, or both? In 1994, 19 million South Africans gai...Read more...

14 March 2016

CASEreport

Housing for Victims of Miscarriages of Justice. Report for Commonweal Housing.

Bert Provan

Commonweal Housing commissioned this study to look in more detail at the housing and other problems – including lack of any formal support, faced by victims of “miscarriages of justice”, which arise where a convicted cri...Read more...

28 January 2016

CASEreport

Does money in adulthood affect adult outcomes?

Kerris Cooper and Kitty Stewart

There is ample evidence that adults with lower incomes tend to have worse outcomes including worse health, lower life expectancy and lower subjective wellbeing than individuals with more. But is money in adulthood itself...Read more...

9 December 2015

CASEreport

Moving the Goal Posts: Poverty And Access To Sport For Young People

Gwenno Edwards, Ben Grubb, Anne Power and Nicola Serle

StreetGames is a charity set up in 2007 to help break down the barriers created by poverty and area disadvantage that prevent young people participating in sport. StreetGames works with local community organisations, spo...Read more...

7 December 2015

Economics of Industry Paper

Patents Rights and Innovation by Small and Large Firms

Mark Schankerman

This paper studies the causal impact of patents on subsequent innovation by the patent holder. The analysis is based on court invalidation of patents by the U.S. Court of Appeals for the Federal Circuit, and exploits t...Read more...

27 November 2015

Public Economics Programme Discussion Paper

Modern Family: Female Breadwinners and the Intergenerational Transmission of Gender Norms

Panos Mavrokonstantis

In this paper I investigate the intergenerational transmission of gender norms. The norm I focus on is the traditional view that it is the role of the mother to look after young children and the role of the father to be...Read more...

27 November 2015

CASEreport

Findings from the Trafford Hall Energy Plus Think Tank

LSE Housing and Communities

28 October 2015

Theoretical Economics Paper

Time Preferences and Bargaining

Sebastian Schweighofer-Kodritsch

This paper presents an analysis of general time preferences in the canonical Rubinstein (1982) model of bilateral alternating-offers bargaining. I derive a simple sufficient structure for optimal punishments and ther...Read more...

15 October 2015

CASEreport

Tenant Futures Programme 2014-15: External evaluation of the National Communities Resource Centre’s Tenant Training Programme for the Financial Year 2014-15

Alice Belotti

7 October 2015

CASEreport

Tenant Futures Grant Programme 2014-15: External evaluation of the National Communities Resource Centre’s Tenant Futures Grant Programme for the Financial Year 2014-2015

Alice Belotti

7 October 2015

SPCC Working Paper

Understanding the improved performance of disadvantaged pupils in London

Jo Blanden, Ellen Greaves, Paul Gregg, Lindsey Macmillan and Luke Sibieta

London is an educational success story, with especially good schooling results for more disadvantaged pupils. This is a dramatic reversal of fortunes. This paper uses a combination of administrative and survey data to ...Read more...

30 September 2015

CASEpaper

The changing distribution of individual incomes in the UK before and after the recession

Eleni Karagiannaki and Lucinda Platt

While there has been substantial research on the impacts of the Great Recession on household incomes, there has been less attention paid to the effects on individual income. Using pooled data from the Family Resources Su...Read more...

30 September 2015

Public Economics Programme Discussion Paper

Wealth Inequality in the United States since 1913: Evidence from Capitalized Income Tax Data

Emmanuel Saez and Gabriel Zucman

This paper combines income tax returns with macroeconomic household balance sheets to estimate the distribution of wealth in the United States since 1913. We estimate wealth by capitalizing the incomes reported by indivi...Read more...

8 September 2015

SPCC Working Paper

Were we really all in it together? The distributional effects of the 2010-2015 UK Coalition government's tax-benefit policy changes: an end-of-term update

Paola De Agostini, John Hills and Holly Sutherland

This paper examines the distributional impacts of the changes to benefits, tax credits, pensions and direct taxes between the UK Elections in May 2010 and in May 2015. It also looks ahead to the longer-term effects of ch...Read more...

1 September 2015

Development Discussion Paper

Consumption Smoothing and the Welfare Cost of Uncertainty

Yonas Alem and Jonathan Colmer

When agents are unable to smooth consumption and have distorted beliefs about the likelihood of future income realisations, uncertainty about future states of the world has a direct effect on individual welfare. However,...Read more...

1 August 2015

Economics of Industry Paper

Patents and Cumulative Innovation: Causal Evidence from the Courts

Alberto Galasso and Mark Schankerman

Cumulative innovation is central to economic growth. Do patent rights facilitate or impede such follow-on innovation? This paper studies the effect of removing patent protection through court invalidation on the subseque...Read more...

1 August 2015

Public Economics Programme Discussion Paper

Social Identity and Redistributive Preferences: A Survey

Joan Costa-Font and Frank A Cowell

Social identity is increasingly accepted as a key concept underpin- ning the endogeneity of economic behaviour and preferences. This feature is especially important in explaining redistribution preferences as well as att...Read more...

1 August 2015

Public Economics Programme Discussion Paper

Trends in Individual Income Growth: Measurement Methods and British Evidence

Stephen P Jenkins and Philippe Van Kerm

Assessments of whose income growth is the greatest and whose is the smallest are typically based on comparisons of income changes for income groups (e.g. rich versus poor) or income values (e.g. quantiles). However, inco...Read more...

January

DARP Paper

Not published

WSP Discussion Paper

Beveridge, the National Minimum, and its Future in a European Context (Chapter 15 in Incomes and the Welfare State, A B Atkinson (1995). Cambridge University Press); also cchapter 15 in Incomes and the Welfare State: Essays on Britain and Europe

Anthony B. Atkinson

January

WSP Discussion Paper

A Cohort Analysis of Chronic Morbidity and Unemployment in the General Household Survey

David Winter

WSP Discussion Paper

Regional Inequalities in Mortality

Raymond Illsley, Julian Le Grand and Christine Mullings

January

WSP Discussion Paper

Dynamic Microsimulation Models: Problems andProspects

Ann Harding

Equity versus Efficiency: The Elusive Trade-off (Ethics, 100, 554-568, 1990)

Julian Le Grand

Service Credits: A New Currency for the Welfare State

Edgar Cahn

WSP Discussion Paper

The Scandinavian Welfare State: Anatomy, Logic and Some Problems (in The Economic Development of Denmark and Norway since 1870, K G Persson (ed) (1993), Edward Elgar)

Gunnar Persson

The incomes of the non-household population and the effect of their exclusion from national income profiles

Martin Evans

The Decline of the Male Breadwinner: Changing Shares of Husbands' and Wives' Earnings in Family Income

Stephen Machin and Jane Waldfogel

WSP Discussion Paper

The Development of Quasi-markets in Welfare Provision. Now published in International Journal of Health Services 25 (2), 1995

Howard Glennerster and Julian Le Grand

On Targeting Social Security: Theory and Western Experience with Family Benefits (in Public Spending and the Poor, D van de Walle and K Nead (eds.) (1996), Johns Hopkins University Press)

Anthony B. Atkinson

January

WSP Discussion Paper

The Institution of an Official Poverty Line and Economic Policy

Anthony B. Atkinson

The Low Income Population in Spain and a Comparison with France and the UK: Evidence from the Household Expenditure Surveys

Magda Mercader-Prats

WSP Discussion Paper

Paying for Learning

Nicholas Barr and Jane Falkingham

Informal Carers and the Labour Market inBritain

Maria Evandrou and David Winter

January

Theoretical Economics Paper

Inventories as an Information-Gathering Device

Steve Alpern and Dennis J. Snower

DARP Paper

(not published)

SPCC Working Paper

When and Why do Initially High Attaining Poor Children Fall Behind?

Claire Crawford, Lindsey Macmillan and Anna Vignoles

The role of education as a potential driver of social mobility has been well established in both the theoretical (Blau and Duncan, 1967; Becker and Tomes, 1986) and empirical literature (Atkinson, 1980; Atkinson and Jenk...Read more...

28 July 2015

Econometrics Paper

Nonparametric instrumental regression with errors in variables

Karun Adusumilli and Taisuke Otsu

This paper considers nonparametric instrumental variable regression when the endogenous variable is contaminated with classical measurement error. Existing methods are inconsistent in the presence of measurement error. W...Read more...

21 July 2015

CASEreport

Older people's experiences of dignity and nutrition during hospital stays: Secondary data analysis using the Adult Inpatient Survey

Tania Burchardt and Polly Vizard

The report uses the Adult Inpatient Survey 2012 to build up an in-depth quantitative evidence base on older people's experiences of dignity and nutrition during hospital stays in England. We find that just under one-quar...Read more...

16 July 2015

CASEbrief

Older people's experiences of dignity and nutrition during hospital stays: Secondary data analysis using the Adult Inpatient Survey

Tania Burchardt and Polly Vizard

16 July 2015

CASEpaper

A fresh look at an old question: is pro-poor targeting of cash transfers more effective than universal systems at reducing inequality and poverty?

Abigail McKnight

This paper presents findings on the changing effectiveness of cash transfers and income taxes on inequality and poverty reduction in four EU countries - the UK, Italy, Sweden and France. We use long time series (spanning...Read more...

10 July 2015

Theoretical Economics Paper

Decentralized Bargaining: Efficiency and the Core

Matt Elliott and Francesco Nava

This paper studies market clearing in matching markets. Bargaining in such markets occurs in the context of alternative possible matches that provide endogenous outside options. We ask when will such markets clear effici...Read more...

10 July 2015

Public Economics Programme Discussion Paper

The Optimal Timing of Unemployment Benefits: Theory and Evidence from Sweden

Jonas Kolsrud, Camille Landais, Peter Nilsson and Johannes Spinnewijn

This paper provides a simple, yet general framework to analyze the optimal time profile of benefits during the unemployment spell. We derive simple sufficient-statistics formulae capturing the insurance value and incenti...Read more...

3 July 2015

Public Economics Programme Discussion Paper

European Identity and Redistributive Preferences

Joan Costa-Font and Frank A Cowell

How important is spatial identity in shifting preferences for redistribution? This paper takes advantage of within-country variability in the adoption of a single currency as an instrument to examine the impact of the re...Read more...

1 July 2015

Special or Commissioned Report

Research Report for the Social Mobility and Child Poverty Commission:

Downward mobility, opportunity hoarding and the ‘glass floor’

Abigail McKnight

25 June 2015

Development Discussion Paper

Nation-Building Through Compulsory Schooling During the Age of Mass Migration

Oriana Bandiera, Myra Mohnen, Imran Rasul and Martina Viarengo

By the mid-19th century, America was the best educated nation on Earth: significant financial investments in education were being undertaken and the majority of children voluntarily attended public schools. So why did US...Read more...

Revised December 2015

CASEpaper

Mothers, parenting and the impact of separation

Lucinda Platt, Tina Haux and Rachel Rosenberg

This paper investigates the impact of separation on mothers’ perception of their competence as parents. Using the Millennium Cohort Study (MCS), a largescale nationally representative cohort study of children born in the...Read more...

12 June 2015

CASEpaper

Parenting and post-separation contact: what are the links?

Tina Haux, Lucinda Platt and Rachel Rosenberg

High rates of parental separation and the extent to which non-resident fathers lose contact with their child have led to concerns about the involvement of fathers in their children’s lives. In this paper, we draw on a na...Read more...

12 June 2015

Econometrics Paper

Testing for Breaks in Regression Models with Dependent Data

Violetta Dalla and Javier Hidalgo

4 June 2015

Book

Why are We Waiting? The Logic, Urgency, and Promise of Tackling Climate Change

An urgent case for climate change action that forcefully sets out, in economic, ethical, and political terms, the dangers of delay and the benefits of action. The risks of climate change are potentially immense. The bene...Read more...

22 May 2015

Development Discussion Paper

How Does Collective Reputation Affect Hiring? Selection and Sorting in an Online Labour Market

Guo Xu

How does collective reputation affect hiring and selection into jobs? Using detailed hiring data from a global online labour market, where the country of residence is the salient group characteristic, we document a mecha...Read more...

18 May 2015

Econometrics Paper

Inference and Testing Breaks in Large Dynamic Panels with Strong Cross Sectional Dependence

Javier Hidalgo and Marcia M Schafgans

This paper is concerned with various issues related to inference in large dynamic panel data models (where both n and T increase without bound) in the presence of, possibly, strong cross-sectional dependence. Our first a...Read more...

1 April 2015

CASEpaper

Monitoring the evolution of income poverty and real incomes over time

Anthony B. Atkinson, Anne-Catherine Guio and Eric Marlier

This paper brings together two approaches to the monitoring of household living standards: the macro-economic (national accounts) analysis of aggregates and the social indicators based on household microdata (European Un...Read more...

31 March 2015

CASEpaper

The Coalition's Record on Employment: Policy, Spending and Outcomes 2010-2015

Abigail McKnight

The evaluation of the Coalition’s employment policy shows that although the labour market was remarkably resilient over the recession in terms of employment rates, this was largely driven by falling real wages and increa...Read more...

31 March 2015

CASEreport

Is Welfare Reform Working? Impacts on working age tenants

Eileen Herden, Anne Power and Bert Provan

This report presents evidence on whether the aim of moving people who are dependent on benefits into work has been achieved, and considers three important questions: Are welfare reforms encouraging tenants into work or t...Read more...

26 March 2015

SPCC Research Report

The Changing Anatomy of Economic Inequality in London (2007-2013)

Polly Vizard, Polina Obolenskaya, Eleni Karagiannaki, Jack Cunliffe, Stephanie Thomson, Chris Grollman and Ruth Lupton

In this report we examine changing patterns of inequality in London over the period 2007-2013. We examine how the distribution of key economic outcomes - including income and wealth, employment and unemployment, earnings...Read more...

23 March 2015

SPCC Research Report

Falling Behind, Getting Ahead: The Changing Structure of Inequality in the UK, 2007-2013

John Hills, Jack Cunliffe, Polina Obolenskaya and Eleni Karagiannaki

This report looks in detail at inequality within the UK, 2007-2013, which groups have gained and lost - comparing men and women, and housing tenure, region, ethnicity, and disability as well as age group. Detailed examin...Read more...

23 March 2015

CASEreport

Energy Plus: Energy Efficiency in Social Housing

Anne Marie Brady and Bert Provan

Bridging the Gap: The Haringey Support Fund

Laura Lane, Bert Provan, Alice Belotti and Anne Power

4 March 2015

CASEreport

The Impact of Welfare Reform on Social Housing Tenants: Findings from two Think Tanks

LSE Housing and Communities

2 March 2015

CASEpaper

The income distribution in the UK: A picture of advantage and disadvantage

Stephen P Jenkins

This paper describes the UK income distribution and how it has evolved over the last 50 years. It also includes some comparisons with the income distributions of other rich countries. Multiple perspectives on the distrib...Read more...

18 February 2015

CASEpaper

Piketty in the long run

Frank A Cowell

I examine the idea of 'the long run' in Piketty (2014) and related works. In contrast to simplistic interpretations of long-run models of income- and wealth-distribution Piketty (2014) draws on a rich economic analysis t...Read more...

17 February 2015

Theoretical Economics Paper

Projection Equilibrium: Definition and Applications to Social Investment and Persuasion

Kristóf Madarász

People exaggerate the extent to which their private information is shared with others. This paper introduces this phenomenon portably into Bayesian games where people wrongly think that if they can condition their strate...Read more...

16 February 2015

CASEreport

High Rise Hope Revisited: The social implications of upgrading large estates

Laura Lane, Anne Power and Bert Provan

6 February 2015

SPCC Working Paper

The Coalition's Record on Schools: Policy, Spending and Outcomes 2010-2015

Ruth Lupton and Stephanie Thomson

In May 2010, David Cameron and Nick Clegg committed the Coalition to sweeping school reforms, promising “a breaking open of the state monopoly”. They also pledged to protect school spending and give extra money to the ed...Read more...

1 February 2015

SPCC Working Paper

The Coalition's Record on Area Regeneration and Neighbourhood Renewal: Policy, Spending and Outcomes 2010-2015

Ruth Lupton and Amanda Fitzgerald

In the decade to 2010, substantial progess had been made to improve living conditions, and outcomes in the poorest neighbourhoods. But large gaps remained. This paper looks at how the Coalition tackled this issue, and wh...Read more...

26 January 2015

SPCC Working Paper

The Coalition's Record on Housing: Policy, Spending and Outcomes 2010-2015

Rebecca Tunstall

Coalition Ministers were highly critical of the state of UK housing when they took power. How far were they able to improve a system they had described as 'dysfunctional'?...Read more...

26 January 2015

SPCC Working Paper

The Coalition's Record on Adult Social Care: Policy, Spending and Outcomes 2010-2015

Tania Burchardt, Polina Obolenskaya and Polly Vizard

Approaching 1.3 million older people and younger disabled and mentally ill adults use social care services in England, and 3.2 million are cared for informally, by their families and friends. How did the Coalition respon...Read more...

26 January 2015

SPCC Working Paper

The Coalition's Record on Health: Policy, Spending and Outcomes 2010-2015

Polly Vizard and Polina Obolenskaya

David Cameron promised in 2010 to 'cut the deficit, not the NHS'. But how have the Coalition's policies - including health reforms which are widely viewed as going beyond election commitments - impacted on health?...Read more...

26 January 2015

SPCC Working Paper

The Coalition's Record on Employment: Policy, Spending and Outcomes 2010-2015

Abigail McKnight

The Coalition came to power amid a continuing economic crisis and rising unemployment. How successfully did its active labour market policies contribute to employment growth?...Read more...

26 January 2015

SPCC Working Paper

The Coalition's Record on Further Education, Skills and Access to Higher Education: Policy, Spending and Outcomes 2010-2015

Ruth Lupton, Lorna Unwin and Stephanie Thomson

The Coalition inherited some long-term problems in the provision of further education (FE) and skills training as well unresolved challenges about the funding of higher education (HE). What did it do and with what result...Read more...

26 January 2015

SPCC Working Paper

The Coalition's Record on Under Fives 2010-2015

Kitty Stewart

The Government's strategy for improving social mobility emphasised the importance of early childhood. Against a backdrop of tightening austerity, what happened in practice to children's services, family incomes and early...Read more...

26 January 2015

SPCC Working Paper

The Coalition's Record on Cash Transfers, Poverty and Inequality 2010-2015

John Hills

Presenting his 2010 spending review, George Osborne, the Chancellor, insisted that 'those with the broadest shoulders should bear the greatest burden'. How did the Coalition's benefit and direct tax policies affect the d...Read more...

26 January 2015

SPCC Research Report

The Coalition's Social Policy Record: Policy Spending and Outcomes 2010-2015

Ruth Lupton, Tania Burchardt, Amanda Fitzgerald, John Hills, Abigail McKnight, Polina Obolenskaya, Kitty Stewart, Stephanie Thomson, Rebecca Tunstall and Polly Vizard

This paper summarises nine detailed reports assessing the social policies of the UK Coalition government elected in 2010. What did the Coalition set out to achieve? How much was spent and saved? What policies were enacte...Read more...

26 January 2015

Econometrics Paper

Nonparametric likelihood for volatility under high frequency data

Lorenzo Camponovo, Yukitoshi Matsushita and Taisuke Otsu

We propose a nonparametric likelihood inference method for the integrated volatility under high frequency financial data. The nonparametric likelihood statistic, which contains the conventional statistics such as empiric...Read more...

15 January 2015

Econometrics Paper

Bootstrap inference of matching estimators for average treatment effects

Taisuke Otsu and Yoshiyasu Rai

Abadie and Imbens (2008) showed that the standard naive bootstrap is inconsistent to estimate the distribution of the matching estimator for treatment effects with a fixed number of matches. This article proposes an asym...Read more...

13 January 2015

CASEpaper

Beyond Radicalism and Resignation: The Competing Logics for Public Participation in Policy Decisions

Rikki Dean

From the World Bank to the Occupy Movement, support for greater citizen participation in social policy decisions has become ubiquitous. This paper argues that existing typologies of participation are problematic in that ...Read more...

12 December 2014

CASEpaper

Does early centre-based care have an impact on child cognitive and socio-emotional development? Evidence from Chile

Marigen Narea

Worldwide, non-maternal child care during the first years of life has gradually become more prevalent. However, there is little evidence for Chile about the benefit of early attendance at centre-based care—especially uni...Read more...

12 December 2014

Economics of Industry Paper

A Quantitative Analysis of the Retail Market for Illicit Drugs

Manolis Galenianos and Alessandro Gavazza

We develop a theoretical framework to study illicit drugs markets and we estimate it using data on purchases of crack cocaine. Buyers are searching for high-quality drugs, but they determine drugs’ quality (i.e., their p...Read more...

8 December 2014

Econometrics Paper

Robust estimation of moment condition models with weakly dependent data

Kirill Evdokimov, Yuichi Kitamura and Taisuke Otsu

This paper considers robust estimation of moment condition models with time series data. Researchers frequently use moment condition models in dynamic econometric analysis. These models are particularly useful when one w...Read more...

5 December 2014

Econometrics Paper

Regularization for Spatial Panel Time Series Using the Adaptive LASSO

Clifford Lam and Pedro Souza

This paper proposes a model for estimating the underlying cross-sectional dependence structure of a large panel of time series. Technical difficulties meant such a structure is usually assumed before further analysis. We...Read more...

25 November 2014

SPCC Working Paper

Were we really all in it together? The distributional effects of the UK Coalition government's tax-benefit policy changes

Paola De Agostini, John Hills and Holly Sutherland

This paper examines the distributional impacts of the changes to benefits, tax credits, pensions and direct (but not indirect) taxes between the systems in place in May 2010 at the time of the Election and in 2014/15. It...Read more...

14 November 2014

SPCC Working Paper

Hard times, new directions? The impact of local government spending cuts on three deprived neighbourhoods. Final report.

Amanda Fitzgerald, Ruth Lupton and Anne Marie Brady

In the context of what was described as the worst financial settlement in living memory for local government, we set out in this study to establish how residents living in some of the most deprived neighbourhoods of Lond...Read more...

16 October 2014

Econometrics Paper

Dynamic Panels with Threshold Effect and Endogeneity

Myung Hwan Seo and Yongcheol Shin

This paper addresses an important and challenging issue as how best to model nonlinear asymmetric dynamics and cross-sectional heterogeneity, simultaneously, in the dynamic threshold panel data framework, in which both t...Read more...

1 September 2014

Econometrics Paper

A Cusum Test of Common Trends in Large Heterogeneous Panels

Javier Hidalgo and Jungyoon Lee

This paper examines a nonparametric CUSUM-type test for common trends in large panel data sets with individual fixed effects. We consider, as in Zhang, Su and Phillips (2012), a partial linear regression model with unkno...Read more...

1 September 2014

Econometrics Paper

Estimation of Nonseparable Models with Censored Dependent Variables and Endogenous Regressors.

Taisuke Otsu and Luke Taylor

In this paper we develop a nonparametric estimator for the local average response of a censored dependent variable to endogenous regressors in a nonseparable model where the unobservable error term is not restricted to b...Read more...

6 August 2014

Development Discussion Paper

When Commitment Fails - Evidence from a Regular Saver Product in the Philippines

Anett John (née Hofmann)

Commitment products are widely regarded as a remedy for self-control problems. However, imperfect knowledge about one's preferences implies that individuals may fail to anticipate their behaviour under commitment, and co...Read more...

Revised October 2015

CASEpaper

Climate Change and Sustainable Welfare: An Argument for the Centrality of Human Needs

Ian Gough

Since climate change threatens human wellbeing across the globe and into the future, we require a concept of wellbeing that encompasses an equivalent ambit. This paper argues that only a concept of human need can do the ...Read more...

30 July 2014

Development Discussion Paper

Losing Prosociality in the Quest for Talent? Sorting, Selection, and Productivity in the Delivery of Public Services

Nava Ashraf, Oriana Bandiera and Scott Lee

We embed a field experiment in a nationwide recruitment drive for nurses in Zambia to test whether career benefits attract talent at the expense of prosocial motivation. We randomize the offer of career benefits at the r...Read more...

Revised March 2018

CASEreport

Tenant Futures: External evaluation of the National Communities Resource Centre Tenant Training Programme

Eileen Herden

22 July 2014

CASEreport

Facing Debt: Economic Resilience in Newham

18 July 2014

Economics of Industry Paper

Multiproduct Firms, Income Distribution, and Trade

Marcia M Schafgans and Joachim Stibora

We develop a general equilibrium model of multiproduct fi…rms with quality differentiated goods. Households are characterized by an heterogeneous taste for the differentiated good and their income level. The use of non-h...Read more...

1 July 2014

Econometrics Paper

Empirical Likelihood for Random Sets

Karun Adusumilli and Taisuke Otsu

We extend the method of empirical likelihood to cover hypotheses involving the Aumann expectation of random sets. By exploiting the properties of random sets, we convert the testing problem into one involving a continuum...Read more...

25 June 2014

Public Economics Programme Discussion Paper

Family Welfare Cultures

Gordon B. Dahl, Magne Mogstad and Andreas Ravndal Kostol

Strong intergenerational correlations in various types of welfare use have fuelled a long- standing debate over whether welfare receipt in one generation causes welfare participation in the next generation. Some claim a ...Read more...

25 June 2014

Development Discussion Paper

Can Workfare Programs Moderate Violence? Evidence from India

Thiemo Fetzer

Governments in conflict torn states scramble for effective policies to persistently reduce levels of violence. This paper provides evidence that a workfare program that functions as a social insurance, providing employme...Read more...

19 June 2014

SPCC Research Note

Hard Times, New Directions? The Impact of Local Government Spending Cuts in London (Interim Report Summary)

Amanda Fitzgerald and Ruth Lupton

Key Points: London local government has taken a 33 per cent real terms cut in service funding from central government between 2009/10 and 2013/14. Councils have been making strenuous efforts to make large savings without...Read more...

15 May 2014

CASEreport

CASE Annual Report 2013

he CASE annual report containing interesting articles and summaries of research from the previous year....Read more...

8 May 2014

CASEpaper

Disabled People's Financial Histories: Uncovering the disability wealth-penalty

Abigail McKnight

It is well established that on average disabled people and the households in which they live face greater financial disadvantage in terms of income than their counterparts. What is less well understood is how they fare i...Read more...

15 April 2014

Development Discussion Paper

Your Loss Is My Gain: A Recruitment Experiment With Framed Incentives

Jonathan de Quidt

Empirically, labor contracts that financially penalize failure induce higher effort provision than economically identical contracts presented as paying a bonus for success, an effect attributed to loss aversion. This is ...Read more...

3 April 2014

Development Discussion Paper

Just a Few Cents Each Day: Can Fixed Regular Deposits Overcome Savings Constraints?

Anett John (née Hofmann)

Empirical evidence suggests that there is a high demand for informal savings mechanisms even though these often feature negative returns - such as deposit collectors, ROSCAs, microloans, and informal borrowing. This pape...Read more...

2 April 2014

SPCC Research Note

Education, Equity and Social Mobility: A Summary of Three Research Papers

David Utting

This paper summarises key themes and research findings from papers presented at an event hosted by CASE on 23rd January 2014: - Blanden, J. & Macmillan, L. (2014) Education and Intergenerational Mobility: Help or Hindran...Read more...

27 March 2014

SPCC Working Paper

Education and Intergenerational Mobility: Help or Hindrance?

Jo Blanden and Lindsey Macmillan

Evidence on intergenerational income mobility in the UK is dated. This paper seeks to update our knowledge by introducing new estimates of mobility for later measures of earnings in the 1958 and 1970 birth cohorts. Given...Read more...

27 March 2014

CASEreport

Work and Welfare Reform: Impacts in the South West

Anne Power, Bert Provan and Eileen Herden

In 2013, members of HAILO commissioned the London School of Economics and Political Science (LSE) to conduct an 18 month longitudinal study looking at how the government’s welfare reform programme will influence tenants’...Read more...

25 March 2014

Development Discussion Paper

Women’s Empowerment in Action: Evidence from a Randomized Control Trial in Africa

Oriana Bandiera, Niklas Buehren, Robin Burgess, Markus Goldstein, Selim Gulesci, Imran Rasul and Munshi Sulaiman

Women in developing countries are disempowered relative to their contemporaries in developed countries. High youth unemployment and early marriage and childbearing interact to limit human capital investment and enforce d...Read more...

Revised June 2015

Theoretical Economics Paper

Reason-Based Rationalization

Franz Dietrich and Christian List

“Reason-based rationalizations” explain an agent's choices by specifying which properties of the options or choice context he/she cares about (the “motivationally salient properties”) and how he/she cares about these pro...Read more...

4 March 2014

Public Economics Programme Discussion Paper

The great reversal in the demand for skill and cognitive tasks

Paul Beadry, Paul Beaudry, David A. Green and Ben Sand

What explains the current low rate of employment in the US? While there has been substantial debate over this question in recent years, we believe that considerable added insight can be derived by focusing on changes in ...Read more...

21 February 2014

Public Economics Programme Discussion Paper

Female Labour Supply, Human Capital and Welfare Reform

Richard Blundell, Monica Costa Dias, Costas Meghir and Jonathan Shaw

We consider the impact of tax credits and income support programs on female education choice, employment,hours and human capital accumulation over the life-cycle. We analyze both the short run incentive e?ects and the lo...Read more...

21 February 2014

Public Economics Programme Discussion Paper

Management of Bureaucrats and Public Service Delivery: Evidence from the Nigerian Civil Service

Imran Rasul and Daniel Rogger

We study how the management practices that bureaucrats operate under, correlate to the quantity and quality of public services delivered. We do so in a developing country context, exploiting data from the Nigerian Civil ...Read more...

20 February 2014

Public Economics Programme Discussion Paper

Econometrics Paper

Series Estimation under Cross-sectional Dependence

Jungyoon Lee and Peter M Robinson

An asymptotic theory is developed for nonparametric and semiparametric series estimation under general cross-sectional dependence and heterogeneity. A uniform rate of consistency, asymptotic normality, and sufficient con...Read more...

25 November 2013

Econometrics Paper

Panel Nonparametric Regression with Fixed Effects

Jungyoon Lee and Peter M Robinson

Nonparametric regression is developed for data with both a temporal and a cross-sectional dimension. The model includes additive, unknown, individual-specifi…c components and allows also for cross-sectional and temporal ...Read more...

25 November 2013

Econometrics Paper

Non-Nested Testing of Spatial Correlation

Miguel A. Delgado and Peter M Robinson

We develop non-nested tests in a general spatial, spatio-temporal or panel data context. The spatial aspect can be interpreted quite generally, in either a geographical sense, or employing notions of economic distance, o...Read more...

25 November 2013

Econometrics Paper

Efficient Inference on Fractionally Integrated Panel Data Models with Fixed Effects

Peter M Robinson and Carlos Velasco

A dynamic panel data model is considered that contains possibly stochastic individual components and a common fractional stochastic time trend. We propose four different ways of coping with the individual effects so as t...Read more...

20 November 2013

Econometrics Paper

Improved Lagrange Multiplier Tests in Spatial Autoregressions

Peter M Robinson and Francesca Rossi

For testing lack of correlation against spatial autoregressive alternatives, Lagrange multiplier tests enjoy their usual computational advantages, but the (x squared) first-order asymptotic approximation to critical valu...Read more...

20 November 2013

Econometrics Paper

Improved Tests for Spatial Correlation

Peter M Robinson and Francesca Rossi

We consider testing the null hypothesis of no spatial autocorrelation against the alternative of first order spatial autoregression. A Wald test statistic has good first order asymptotic properties, but these may not be ...Read more...

20 November 2013

CASEpaper

Wealth and Inheritance in Britain from 1896 to the Present

Anthony B. Atkinson

There has been a large rise in the UK ratio of personal wealth to national income. Personal wealth has grown since the 1970s about twice as fast in real terms as national income. Has this rise in the wealth-income ratio ...Read more...

12 November 2013

CASEpaper

Labour's Record on Neighbourhood Renewal in England: Policy, Spending and Outcomes 1997-2010

Ruth Lupton, Alex Fenton and Amanda Fitzgerald

When he came to power in 1997, Tony Blair reacted to widening disparities between poorer and richer neighbourhoods by declaring that no one in future decades should be seriously disadvantaged by where they lived. This pa...Read more...

12 November 2013

CASEpaper

Labour's Record on the Under Fives: Policy, Spending and Outcomes 1997-2010

Kitty Stewart

When Labour came to power in 1997 it made commitments to reduce poverty and improve children’s health, education and wider life chances. Early childhood was considered central to the strategy, and considerable resources ...Read more...

12 November 2013

Development Discussion Paper

Profit with Purpose? A Theory of Social Enterprise with Experimental Evidence

Timothy Besley and Maitreesh Ghatak

When social benefits cannot be measured, a hybrid organization which selects managers based on motivation can be used to balance profi…ts with a social purpose. This paper develops a model of social enterprise based on s...Read more...

8 November 2013

CASEreport

Does money affect children's outcomes?

Kerris Cooper and Kitty Stewart

Children in low-income households do less well than their better-off peers on many outcomes in life, such as education or health, simply because they are poorer. While a parent's level of education, attitude towards brin...Read more...

28 October 2013

CASEreport

Tenant Futures: External Evaluation of the National Communities Resource Centre's Tenant Training Programme

Eileen Herden

This is the final evaluation of the Tenant Futures training programme, developed and run by the National Communities Resource Centre at Trafford Hall and funded by the Department of Communities and Local Government. The ...Read more...

28 October 2013

Theoretical Economics Paper

Peer Effects in Endogenous Networks

Timo Hiller and Timo Hiller

This paper presents a simple model of strategic network formation with local complementarities in effort levels and positive local externalities for a general class of payoff functions. Results are obtained for one-sided...Read more...

30 September 2013

Econometrics Paper

Extremum Sieve Estimation in k-out-of-n Systems

Tatiana Komarova

The paper considers nonparametric estimation of absolutely continuous distribution functions of lifetimes of non-identical components in k-out-of-n systems from the observed “autopsy” data. In economics,ascending “button...Read more...

27 August 2013

CASEreport

Developing an indicator-based framework for monitoring older people's human rights: key findings for Peru, Mozambique and Kyrgyzstan

Polly Vizard

This project was commissioned by HelpAge International as a basis for broader efforts to develop an indicator-based system for monitoring older people’s human rights in different countries across the world. The project h...Read more...

21 August 2013

SPCC Working Paper

Small-area measures of income poverty

Alex Fenton

This paper considers techniques for measuring the prevalence of income poverty within small areas, or “neighbourhoods”, in Britain. The ultimate purpose is applying such statistics to investigating how the micro-spatial ...Read more...

21 August 2013

Development Discussion Paper

Awards Unbundled: Evidence from a Natural Field Experiment

Nava Ashraf, Oriana Bandiera and Scott Lee

Organizations often use awards to incentivize performance. We design a field experiment to unbundle the mechanisms through which awards may affect behavior: by facilitating social comparison and by conferring recognition...Read more...

14 August 2013

Development Discussion Paper

The Value of Democracy: Evidence from Road Building in Kenya

Robin Burgess, Remi Jedwab, Edward Miguel, Ameet Morjaria and Gerard Padro i Miquel

Ethnic favoritism is seen as antithetical to development. This paper provides credible quantifi…cation of the extent of ethnic favoritism using data on road building in Kenyan districts across the 1963-2011 period. Guide...Read more...

8 August 2013

CASEpaper

Labour's Record on Cash Transfers, Poverty, Inequality and the Lifecycle 1997 - 2010

John Hills

Cash transfers (benefits and tax credits) are crucial to the way that inequalities develop over time. This paper looks at how Labour’s aims, policies and achievements on poverty and inequality related to its reforms of a...Read more...

1 August 2013

Development Discussion Paper

Group Lending Without Joint Liability

Thiemo Fetzer, Maitreesh Ghatak and Jonathan de Quidt

This paper contrasts individual liability lending with and without groups to joint liability lending. By doing so, we shed light on an apparent shift away from joint liability lending towards individual liability lending...Read more...

16 July 2013

CASEreport

Divided City? The value of mixed communities in expensive neighbourhoods

Katie Bates, Laura Lane, Anne Power and Nicola Serle

Headlines: [1] Octavia Housing, a long-established social landlord in Kensington and Chelsea and Westminster, provides low cost rented homes to low-income local residents in high-cost areas. In doing so it helps to overc...Read more...

10 July 2013

Econometrics Paper

Testing for equality of an increasing number of spectral density functions

Javier Hidalgo, Pedro Souza and Pedro Souza

Nowadays it is very frequent that a practitioner faces the problem of modelling large data sets. Relevant examples include spatio-temporal or panel data models with large N and T. In these cases deciding a particular dyn...Read more...

1 July 2013

SPCC Research Report

Prosperity, Poverty and Inequality in London 2000/01-2010/11

Ruth Lupton, Polly Vizard, Amanda Fitzgerald, Alex Fenton, Ludovica Gambaro and Jack Cunliffe

This report looks at changes in poverty and inequality in London during the 2000s, with a focus on the impact of recession from 2008. It also considers how a decade has changed the geography of poverty in the Capital....Read more...

1 July 2013

SPCC Research Report

Winners and Losers in the Crisis: The Changing Anatomy of Economic Inequality in the UK 2007 - 2010

John Hills, Jack Cunliffe, Ludovica Gambaro, Polina Obolenskaya and Ruth Lupton

Public Economics Programme Discussion Paper

Mobility in China

Yi Chen and Frank A Cowell

We examine the evidence on rank and income mobility in China during the decades immediately preceding and immediately following the millennium using panel data from the China Health and Nutrition Survey. We show that ran...Read more...

13 May 2013

Public Economics Programme Discussion Paper

Do We Value Mobility?

Yoram Amiel, Michele Bernasconi, Michele Bernasconi, Frank A Cowell, Valentino Dardanoni and Valentino Dardanoni

Is there a trade-off between people's preference for income equality and income mobility? Testing for the existence of such a trade-off is difficult because mobility is a multifaceted concept. We analyse results from a q...Read more...

10 May 2013

SPCC Research Note

The Distribution of Local Government Finance by Local Authority-Level Deprivation

Ruth Lupton, Amanda Fitzgerald and Alex Fenton

This research note describes the methodology adopted in SPCC to track the relationship between central government spending and deprivation at the local authority level, thus addressing the question, over time and under d...Read more...

1 May 2013

SPCC Research Note

Re-visiting the conceptual framework for public/private boundaries in welfare

Tania Burchardt

Under the Conservative administration 1979-1997, there was considerable debate about the boundaries of the welfare state: what should be provided by the state, what could or should be provided through the market, what mi...Read more...

1 May 2013

SPCC Research Note

Social Policy in a Cold Climate: A Framework for Analysing the Effects of Social Policy

Ruth Lupton, Tania Burchardt, John Hills, Kitty Stewart and Polly Vizard

In the aftermath of the global financial crisis of 2007/8, social policy and the welfare state in the UK have been undergoing a period of extraordinary change. After a decade of welfare state expansion to 2007, with part...Read more...

22 April 2013

Development Discussion Paper

Can Basic Entrepreneurship Transform the Economic Lives of the Poor?

Oriana Bandiera, Robin Burgess, Narayan Das, Selim Gulesci, Imran Rasul and Munshi Sulaiman

A new version of this paper has been published on August 2015 (Paper No EOPP 58). The world’s poorest people lack capital and skills and toil for others in occupations that others shun. Using a large-scale and long-ter...Read more...

Revised August 2015

CASEpaper

How best to measure pension adequacy

Aaron George Grech

Though the main benchmark used to assess pension reforms continues to be the expected resulting fall in future government spending, the impact of policy changes on pension adequacy is increasingly coming to the fore. As ...Read more...

1 April 2013

Development Discussion Paper

Motivating Knowledge Agents: Can Incentive Pay Overcome Social Distance?

Erlend Berg, Maitreesh Ghatak, R Manjula, D Rajasekhar and Sanchari Roy

This paper studies the interaction of incentive pay and social distance in the dissemination of information. We analyse theoretically as well as empirically the effect of incentive pay when agents have pro-social objecti...Read more...

1 March 2013

CASEpaper

A question of quality: Do children from disadvantaged backgrounds receive lower quality early years education and care in England?

Ludovica Gambaro, Kitty Stewart and Jane Waldfogel

This paper examines how the quality of formal early childhood education and care is associated with children’s background. By using different indicators of quality, the research also explored how the relationship varies ...Read more...

1 March 2013

CASEpaper

What Gives? Household Consumption Patterns and the 'Big Trade Off' with Public Consumption

Francesca Bastagli and John Hills

At the centre of politics in Britain and other countries is what is sometimes called 'the big trade-off'- where to strike the balance between private consumption and collective goods and social spending – and hence the s...Read more...

1 March 2013

CASEbrief

Equal access to high quality early education and care? Evidence from England and lessons from other countries

Ludovica Gambaro, Kitty Stewart and Jane Waldfogel

1 March 2013

CASEpaper

The relationship between EU indicators of persistent and current poverty

Stephen P Jenkins and Philippe Van Kerm

The current poverty rate and the persistent poverty rate are both included in the EU’s portfolio of primary indicators of social inclusion. We show that there is a near-linear relationship between these two indicators ac...Read more...

1 March 2013

CASEpaper

Accounting for cross-country differences in wealth inequality

Frank A Cowell, Eleni Karagiannaki and Abigail McKnight

This paper adopts a counterfactual decomposition analysis to analyse cross-country differences in the size of household wealth and levels of household wealth inequality. The findings of the paper suggest that the biggest...Read more...

1 March 2013

Econometrics Paper

ON TESTABILITY OF COMPLEMENTARITY IN MODELS WITH MULTIPLE EQUILIBRIA

Taisuke Otsu and Yoshiyasu Rai

This paper revisits testability of complementarity in economic models with multiple equilibria studied by Echenique and Komunjer (2009). We find that Echenique and Komunjer’s (2009) testable implications on extreme quant...Read more...

1 February 2013

Development Discussion Paper

Taxation and Development

Timothy Besley and Torsten Persson

1 January 2013

CASEpaper

On 'Consistent' Poverty

Rod Hick

The measurement of poverty as ‘consistent’ poverty offers a solution to one of the primary problems of poverty measurement within Social Policy of the last three decades. Often treated as if they were synonymous, ‘indire...Read more...

1 December 2012

CASEpaper

Wealth accumulation in Great Britain 1995-2005: The role of house prices and the life cycle

Francesca Bastagli and John Hills

This paper examines trends in the distribution of household wealth in Great Britain from 1995 to 2005 using the British Household Panel Survey (BHPS). The data show that wealth is very unevenly distributed and reveal a w...Read more...

1 December 2012

CASEpaper

Mapping and measuring the distribution of household wealth: A cross-country analysis

Frank A Cowell, Eleni Karagiannaki and Abigail McKnight

In this paper we compare the level, composition and distribution of household wealth in five industrial countries: the UK, US, Italy, Finland and Sweden. We exploit the harmonized data within the Luxembourg Wealth Study,...Read more...

1 November 2012

CASEreport

High Rise Hope

Katie Bates, Laura Lane and Anne Power

1 October 2012

Econometrics Paper

Testing for Structural Stability in the Whole Sample

Javier Hidalgo and Myung Hwan Seo

The paper examines a Lagrange Multiplier type test for the constancy of the parameter in general models with dependent data without imposing any arti…cial choice of the possible location of the break. In order to prove t...Read more...

1 September 2012

Development Discussion Paper

Market Structure and Borrower Welfare in Microfinance

Jonathan de Quidt, Thiemo Fetzer and Maitreesh Ghatak

Motivated by recent controversies surrounding the role of commercial lenders in microfinance, we analyze borrower welfare under different market structures,considering a benevolent non-profit lender, a for-profit monopol...Read more...

1 September 2012

Development Discussion Paper

Pre-Colonial Political Centralization and Contemporary Development in Uganda

Sanghamitra Bandyopadhyay and Elliott Green

The importance of pre-colonial history on contemporary African development has become an important .eld of study within development economics in recent years. In particular Gennaioli and Rainer (2007) suggest that pre-co...Read more...

1 August 2012

CASEpaper

The effect of parental wealth on children’s outcomes in early adulthood

Eleni Karagiannaki

This paper presents the first UK estimates of the association between parental wealth during adolescence and a range of children’s outcomes in early adulthood. Parental wealth is positively associated with all outcomes e...Read more...

1 August 2012

CASEpaper

Using play to help families learn: Evaluation of Trafford Hall’s Playing 2 Learn Programme 2008-11

Laura Lane and Liz Richardson

The report describes the results of a three-year evaluation by LSE Housing and Communities of a family learning programme called Playing 2 Learn. The Playing 2 Learn programme was open to vulnerable families from low inc...Read more...

1 August 2012

Public Economics Programme Discussion Paper

Assessing theWelfare Effects of Unemployment Benefits Using the Regression Kink Design

Camille Landais

I investigate in this paper partial equilibrium labor supply responses to unemployment insurance (UI) in the US. I use administrative data on the universe of unemployment spells in five states from 1976 to 1984, and non-...Read more...

1 July 2012

CASEreport

Measuring Inequality: Autonomy The degree of empowerment in decisions about one's own life

Tania Burchardt, Martin Evans and Holly Holder

1 July 2012

CASEpaper

Migrants, Landlords and their Uneven Experiences of the Beijing Olympic Games

Hyun Bang Shin and Bingqin Li

Hosting of mega-events such as the Olympic Games tends to be accompanied by voluminous media coverage on the negative social impact of the Games, and the people in the affected areas are often considered to be one victim...Read more...

1 July 2012

Development Discussion Paper

Decentralization of Health and Education in Developing Countries: A Quality-Adjusted Review of the Empirical Literature

Anila Channa and Jean-Paul Faguet

We review empirical evidence on the ability of decentralization to enhance preference matching and technical efficiency in the provision of health and education in developing countries. Many influential surveys have foun...Read more...

1 July 2012

Econometrics Paper

Binary Choice Models with Discrete Regressors: Identification and Misspecification

Tatiana Komarova

In semiparametric binary response models, support conditions on the regressors are required to guarantee point identification of the parameter of interest. For example,one regressor is usually assumed to have continuous ...Read more...

1 May 2012

CASEpaper

Evaluating the possible impact of pension reforms on future living standards in Europe

Aaron George Grech

The Political Economy of Deforestation in the Tropics

Robin Burgess, Matthew Hansen, Benjamin Olken, Peter Potapov and Stefanie Sieber

Tropical deforestation accounts for almost one-…fifth of greenhouse gas emissions worldwide and threatens the world’s most diverse ecosystems. The prevalence of illegal forest extraction in the tropics suggests that unde...Read more...

1 April 2012

CASEpaper

Deliberative research as a tool to make value judgements

Tania Burchardt

The ‘deliberative turn’ in democratic theory has generated a wealth of deliberative experiments. The purpose of deliberation as a research technique (as opposed to policymaking or public consultation) is distinctive: to ...Read more...

1 April 2012

CASEbrief

Getting the measure of fuel poverty: Executive summary

John Hills

Abstract...Read more...

1 March 2012

CASEreport

Final report of the Hills Independent Fuel Poverty Review: Getting the Measure of Fuel Poverty

John Hills

The review confirms that fuel poverty is a serious national problem and shows that it is set to rise rapidly. It affects people with low incomes and energy costs above typical levels. It proposes a new way of measuring t...Read more...

1 March 2012

Theoretical Economics Paper

Conscience Accounting: Emotional Dynamics and Social Behavior

Uri Gneezy, Alex Imas and Kristóf Madarász

We develop a dynamic model where people decide in the presence of moral constraints and test the predictions of the model through two experiments. Norm violations induce a temporal feeling of guilt that depreciates with ...Read more...

1 February 2012

Development Discussion Paper

The Legacy of Historical Conflict Evidence from Africa

Timothy Besley and Marta Reynal-Querol

There is a great deal of interest in the causes and consequences of conflict in Africa, one of the poorest areas of the world where only modest economic progress has been made. This paper asks whether post-colonial confl...Read more...

1 February 2012

Public Economics Programme Discussion Paper

Taxation and International Migration of Superstars: Evidence from the European Football Market

Henrik Kleven, Camille Landais and Emmanuel Saez

This paper analyzes the effects of top earnings tax rates on the international migration of top football players in Europe. We construct a panel data set of top earnings tax rates, football player careers, and club perfo...Read more...

1 February 2012

Public Economics Programme Discussion Paper

Estimating Taxable Income Responses using Danish Tax Reforms

Henrik Kleven and Esben Anton Schultz

This paper presents evidence on taxable income responses using administrative data that link tax return information to detailed socioeconomic information for the full Danish population over 25 years. The identifying vari...Read more...

1 February 2012

Development Discussion Paper

No Margin, no Mission? A Field Experiment on Incentives for public service delivery

Nava Ashraf, Oriana Bandiera and Kelsey Jack

A substantial body of research investigates the design of incentives in firms, yet less is known about incentives in organizations that hire individuals to perform tasks with positive social spillovers. We conduct a fiel...Read more...

Revised February 2014

Development Discussion Paper

LEFT, RIGHT, LEFT: INCOME DYNAMICS AND THE EVOLVING POLITICAL PREFERENCES OF FORWARD-LOOKING BAYESIAN VOTERS

John Morrow and Michael Carter

The political left turn in Latin America, which lagged its transition to liberalized market economies by a decade or more, challenges conventional economic explanations of voting behavior. While the implications of upwar...Read more...

1 January 2012

Theoretical Economics Paper

An Approach To Asset-Pricing Under Incomplete and Diverse Perceptions

Erik Eyster and Michele Piccione

We model a competitive market where risk-neutral traders trade one risk-free and one risky asset with limited short-selling of the risky asset. Traders use incomplete theories that give statistically correct beliefs abou...Read more...

1 December 2011

CASEpaper

The Impact of School Context: What headteachers say

Martin Thrupp and Ruth Lupton

This paper reports the accounts of fifteen headteachers of primary schools in one local authority in the South East of England, including headteachers of schools that are amongst the most advantaged five per cent of scho...Read more...

1 December 2011

CASEpaper

Pathways and penalties: Mothers’ employment trajectories and wage growth in the Families and Children Study

Francesca Bastagli and Kitty Stewart

This paper uses panel data from the British Families and Children Study to analyse the employment patterns of women with children and the ways in which part-time work and interruptions in paid employment influence the wa...Read more...

1 December 2011

CASEpaper

Right to the city and critical reflections on property rights activism in China’s urban renewal contexts

Hyun Bang Shin

The rapid transformation of urban socio-spatial landscape in China has resulted in an increasing degree of frustration and discontent among local residents who face threats of demolition and eviction. This has given rise...Read more...

1 December 2011

CASEbrief

Employment Pathways and Wage Progression for Mothers in Low-Skilled Work: Evidence from Three British Datasets

Kitty Stewart and Francesca Bastagli

1 December 2011

CASEpaper

The Shifting Balance of Private and Public Welfare Activity in the United Kingdom, 1979 to 2007

Daniel Edmiston

The balance between private and public sectors in welfare activity in the UK has been documented by Burchardt (1997) and Smithies (2005) for three time periods; 1979/1980, 1995/1996 and 1999/2000. The existing evidence s...Read more...

1 December 2011

Development Discussion Paper

Team Incentives: Evidence From A Firm Level Experiment

Oriana Bandiera, Iwan Baranky and Imran Rasul

Many organizations rely on teamwork, and yet field evidence on the impacts of team-based incentives remains scarce. Compared to individual incentives, team incentives can affect productivity by changing both workers’ eff...Read more...

1 December 2011

Development Discussion Paper

Enfranchisement and Representation: Italy 1909-1913

Valentino Larcinese

This paper presents evidence on the consequences of the 1912 introduction of 'quasiuniversal' male suffrage in Italy. The reform increased the electorate from slightly less than three million to 8,650,000 and left the el...Read more...

1 December 2011

CASEreport

Lille City Report

Celine Kuklowsky and Bert Provan

1 November 2011

Development Discussion Paper

The Regulation of Land Markets: Evidence from Tenancy Reform in India

Timothy Besley, Jessica Leight, Rohini Pande and Vijayendra Rao

While the regulation of tenancy arrangements is widespread in the developing world, evidence on how such regulation influences the long-run allocation of land and labor remains limited. To provide such evidence, this pap...Read more...

1 November 2011

CASEreport

Report to Plan Urbanisme Construction Architecture on progress in France’s former industrial cities

Bert Provan and Celine Kuklowsky

1 October 2011

Econometrics Paper

TESTING FOR STRUCTURAL STABILITY IN THE WHOLE SAMPLE

Javier Hidalgo and Myunghwan Seo

The paper examines a Lagrange Multiplier type test for the constancy of the parameter in general models with dependent data without imposing any artificial choice of the possible location of the break. In order to prove ...Read more...

1 October 2011

CASEreport

Fuel Poverty: The problem and its measurement. Interim Report of the Fuel Poverty Review

John Hills

1 October 2011

CASEpaper

Towards the ‘Big Society’: What role for neighbourhood working? Evidence from a comparative European study

Catherine Durose, Jonathan France, Liz Richardson and Ruth Lupton

Under the New Labour government, the neighbourhood emerged prominently as a site for policy interventions and as a space for civic activity, resulting in the widespread establishment of neighbourhood-level structures for...Read more...

1 October 2011

Theoretical Economics Paper

Does Competition Solve the Hold-up Problem?

Leonardo Felli and Kevin Roberts

In an environment in which heterogenous buyers and sellers undertake ex-ante investments, the presence of market competition for matches provides incentives for investment but may leave inefficiencies that take the form ...Read more...

1 September 2011

Theoretical Economics Paper

Efficiency in Repeated Two-Action Games with Local Monitoring

Francesco Nava and Michele Piccione

The paper discusses community enforcement in infinitely repeated two-action games with local monitoring. Each player interacts with and observes only a fixed set of partners, of whom he is privately informed. The main re...Read more...

1 September 2011

CASEreport

CASE Annual Report 2010

1 September 2011

International Studies Paper

MEIJI JAPAN’S ASCENT TOWARDS WORLD POWER

Ian Nish

A major Japan-British Exhibition was held at the White City, Hammersmith, London, for six months in 1910. Its centenary was celebrated at a conference in the Suntory-Toyota Centre in association with the Japan Foundation...Read more...

1 July 2011

CASEpaper

Social Housing and Social Exclusion 2000-2011

Rebecca Tunstall

By some definitions, social housing, social housing tenants are necessarily socially excluded. In other terms, in 2000, social housing tenants were at greater risk of being socially excluded than owner occupiers and priv...Read more...

1 July 2011

Development Discussion Paper

Taxation and Regulation of Bonus Pay

Timothy Besley and Maitreesh Ghatak

We explore the consequence for taxation and regulation of bonus pay when investors are protected by taxpayers from downside risk. The paper develops a model where workers in financial sector firms make decisions about ef...Read more...

1 July 2011

Development Discussion Paper

Can Market Failure Cause Political Failure?

Madhav S, Aney, Maitreesh Ghatak and Massimo Morelli

We study how inefficiencies of market failure may be further amplified by political choices made by interest groups created in the inefficient market. We take an occupational choice framework, where agents are endowed he...Read more...

1 July 2011

Theoretical Economics Paper

Sales and Collusion in a Market with Storage

Francesco Nava and Pasquale Schiraldi

Sales are a widespread and well-known phenomenon that has been documented in several product markets. Regularities in such periodic price reductions appear to suggest that the phenomenon cannot be entirely attributed to ...Read more...

1 July 2011

Development Discussion Paper

Field Experiments with Firms

Oriana Bandiera, Iwan Baranky and Imran Rasul

We discuss how the use of field experiments sheds light on long standing research questions relating to firm behavior. We present insights from two classes of experiments: within and across firms, and draw common lessons...Read more...

1 July 2011

CASEpaper

The distribution of total greenhouse gas emissions by households in the UK, and some implications for social policy

Ian Gough, Saamah Abdallah, Victoria Johnson, Josh Ryan-Collins and Cindy Smith

This paper maps the distribution of total direct and embodied emissions of greenhouse gases by households in the UK and goes on to analyse their main drivers. Previous research has studied the distribution of direct emis...Read more...

1 July 2011

CASEreport

Building the Big Society

Rebecca Tunstall, Ruth Lupton, Anne Power and Liz Richardson

1 June 2011

Public Economics Programme Discussion Paper

FISCAL ZONING AND SALES TAXES: DO HIGHER SALES TAXES LEAD TO MORE RETAILING AND LESS MANUFACTURING?

Daria Burnes, David Neumark and Michelle J. White

We test the hypothesis that local government officials in jurisdictions that have higher local sales taxes are more likely to use fiscal zoning to encourage retailing. We find that total retail employment is not signific...Read more...

1 June 2011

Development Discussion Paper

DECENTRALIZATION AND GOVERNANCE

Jean-Paul Faguet

The most important theoretical argument concerning decentralization is that it can improve governance by making government more accountable and responsive to the governed. Improving governance is also central to the moti...Read more...

1 June 2011

CASEpaper

The Magnitude and Correlates of Inter-vivos Transfers in the UK

Eleni Karagiannaki

This paper uses data from the British Household Panel Survey and the Attitudes to Inheritances Survey to estimate the magnitude of and the factors that are correlated with private inter-household transfers from parents t...Read more...

June 2011

CASEpaper

Inequality among the Wealthy

Frank A Cowell

Using the evidence from the Luxembourg Wealth Study it appears that the distribution of wealth in the UK is considerably less than in Canada, the US or Sweden. But does this result come from an underestimate of inequalit...Read more...

June 2011

CASEpaper

Estimates of the asset-effect: The search for a causal effect of assets on adult health and employment outcomes

Abigail McKnight

In this paper we seek to determine the effect of assets held in early adult life on later outcomes. We specifically look at wages, employment prospects, general health and Malaise. The identification of an asset-effect t...Read more...

June 2011

CASEpaper

The impact of inheritance on the distribution of wealth: Evidence from the UK

Eleni Karagiannaki

In this paper we examine how the distribution of wealth has been changing in UK over the period 1995 to 2005 and how the sum of inheritance received between 1996-2004 contributed to the observed trends in wealth accumula...Read more...

June 2011

CASEpaper

A Wealth Tax Abandoned: The role of the UK Treasury 1974-6

Howard Glennerster

The distribution of wealth is widening in many countries and with it the importance of inherited wealth. In 1974 a Labour Government came to power in the United Kingdom committed to introducing an annual wealth tax. It l...Read more...

June 2011

CASEpaper

Recent trends in the size and the distribution of inherited wealth in the UK

Eleni Karagiannaki

In this paper we document the evolution of the annual flow of inheritances in the UK during the period 1984-2005 and provide estimates for the overall magnitude and the distribution of inherited wealth. Our results indic...Read more...

June 2011

Development Discussion Paper

Nation-Building and Conflict in Modern Africa

Sanghamitra Bandyopadhyay and Elliott Green

Nation-building has long been seen as an important focus for postcolonial African governments. However, up until now there has been no empirical analysis of either the origins or consequences of these policies. Here we c...Read more...

June 2011

Public Economics Programme Discussion Paper

The Choice of the Personal Income Tax Base

Roger H. Gordon and Wojciech Kopczuk

Starting with Mirrlees (1971) and Vickrey (1945), the optimal tax literature has studied the design of a personal income tax. The ideal would be to tax earnings ability. Earnings ability is unobservable for tax purposes,...Read more...

June 2011

CASEpaper

Fiscal costs of climate mitigation programmes in the UK: A challenge for social policy?

Samuel Marden and Ian Gough

This paper asks whether the policies and programmes enacted to reduce greenhouse gas emissions in the UK will compete with other goals of public policy, in particular social policy goals. The Climate Change Act 2008 has ...Read more...

June 2011

CASEpaper

Employment trajectories and later employment outcomes for mothers in the British Household Panel Survey: An analysis by skill level

Kitty Stewart

Maternal employment formed a central plank in the former Labour Government’s strategy to reduce child poverty. Even where potential jobs were low-skilled and low-paid, policy was explicitly work (rather than training) fi...Read more...

May 2011

Econometrics Paper

Inference on Power Law Spatial Trends (Running Title: Power Law Trends)

Peter M Robinson

Power law or generalized polynomial regressions with unknown real-valued exponents and coefficients, and weakly dependent errors, are considered for observations over time, space or space-time. Consistency and asymptotic...Read more...

May 2011

Econometrics Paper

Adapting Kernel Estimation to Uncertain Smoothness

Yulia Kotlyarova, Marcia M Schafgans and Victoria Zinde-Walsh

For local and average kernel based estimators, smoothness conditions ensure that the kernel order determines the rate at which the bias of the estimator goes to zero and thus allows the econometrician to control the rate...Read more...

April 2011

Public Economics Programme Discussion Paper

Measuring Mobility

Frank A Cowell and Emmanuel Flachaire

Our new approach to mobility measurement involves separating out the valuation of positions in terms of individual status (using income, social rank, or other criteria) from the issue of movement between positions. The q...Read more...

April 2011

CASEreport

Obstacles and Opportunities: Today’s children, tomorrow’s families

Anne Power, Nicola Serle and Helen Willmot

March 2011

Development Discussion Paper

IMPLEMENTING HEALTH INSURANCE FOR THE POOR: THE ROLLOUT OF RSBY IN KARNATAKA

D Rajasekhar, Erlend Berg, Maitreesh Ghatak, R Manjula and Sanchari Roy

The National Health Insurance Scheme (Rashtriya Swasthya Bima Yojana, RSBY) aims to improve poor people’s access to quality health care in India. This paper looks at the implementation of the scheme in Karnataka, drawing...Read more...

March 2011

Public Economics Programme Discussion Paper

POLICY ANALYSIS WITH INCREDIBLE CERTITUDE

Charles F. Manski

Analyses of public policy regularly express certitude about the consequences of alternative policy choices. Yet policy predictions often are fragile, with conclusions resting on critical unsupported assumptions or leaps ...Read more...

February 2011

CASEpaper

Growing Up in Social Housing in the New Millennium: Housing, Neighbourhoods, and Early Outcomes for Children Born in 2000

Rebecca Tunstall, Ruth Lupton, Dylan Kneale and Andrew Jenkins

This study draws on the Millennium Cohort Study to explore the housing and neighbourhood circumstances of children born in England in 2000 at the age of 5 in 2006. The majority of children experienced good housing condit...Read more...

February 2011

Development Discussion Paper

Contractual Structure and Endogenous Matching in Partnershipso

Maitreesh Ghatak and Alexander Karaivanov

We analyze optimal contracts and optimal matching patterns in a simple model of partnership where there is a double-sided moral hazard problem and potential partners differ in their productivity in two tasks. It is possi...Read more...

February 2011

CASEreport

Place Typologies and their Policy Applications

Ruth Lupton, Alex Fenton, Rebecca Tunstall and Richard Harris

February 2011

Development Discussion Paper

Contract Structure, Risk Sharing and Investment Choice

Greg Fischer

Few microfinance-funded businesses grow beyond subsistence entrepreneurship. This paper considers one possible explanation: that the structure of existing microfinance contracts may discourage risky but high-expected ret...Read more...

February 2011

Development Discussion Paper

Fragile States and Development Policy

Timothy Besley and Torsten Persson

It is widely recognized that fragile states are key symptoms of under-development in many parts of the world. Such states are incapable of delivering basic services to their citizens and political violence is commonplace...Read more...

January 2011

CASEbrief

Teenage Housing Tenure and Neighbourhoods and the Links with Adult Outcomes: Evidence from the 1970 Cohort Study

Rebecca Tunstall, Ruth Lupton, Dylan Kneale and Andrew Jenkins

January 2011

CASEreport

Teenage Housing Tenure and Neighbourhoods and the Links with Adult Outcomes: Evidence from the 1970 Cohort Study

Rebecca Tunstall, Ruth Lupton, Dylan Kneale and Andrew Jenkins

January 2011

Development Discussion Paper

Incentive and crowding out effects of food assistance: Evidence from randomized evaluation of food-for-training project in Southern Sudan

Munshi Sulaiman

Food assistance is one of the most common forms of safety net programs in postconflict situations. Besides the humanitarian and promotional roles, there are widespread scepticisms of food assistance regarding its possibl...Read more...

December 2010

Development Discussion Paper

Trade and the Skill Premium Puzzle with Capital Market Imperfections

Roberto Bonfatti and Maitreesh Ghatak

An interesting puzzle is that trade liberalization in the 1980s and 1990s has been associated with a sharp increase in the skill premium in both developed and developing countries. This is in contrast with neoclassical t...Read more...

November 2010

CASEpaper

Developing and agreeing a capability list in the British context: What can be learnt from social survey data on 'rights'?

Polly Vizard

The paper examines what can be learnt about the ‘valuation’ of freedoms and opportunities (or capabilities) using a general population social survey data source on values. On the assumption that rights can be understood ...Read more...

November 2010

DARP Paper

Median Independent Inequality Orderings

Ramses H. Abul Naga and Tarik Yalcin

To date, inequality orderings for ordered response data are only suitable for comparing distributions that share a common median state. In this paper we propose a methodology for comparing distributions irrespective of t...Read more...

October 2010

Econometrics Paper

Asymptotic Theory for Nonparametric Regression with Spatial Data

Peter M Robinson

Nonparametric regression with spatial, or spatio-temporal, data is considered. The conditional mean of a dependent variable, given explanatory ones, is a nonparametric function, while the conditional covariance reflects ...Read more...

September 2010

CASEpaper

Are there neighbourhood effects on teenage parenthood in the UK, and does it matter for policy? A review of theory and evidence

Ruth Lupton and Dylan Kneale

This paper is a forerunner to an empirical study of neighbourhood effects on teenage parenthood using the British Cohort Study (BCS70). It reviews evidence for the existence of such effects within the quantitative 'neigh...Read more...

September 2010

Econometrics Paper

Quantile Uncorrelation and Instrumental Regression

Tatiana Komarova, Thomas Severini and Elie Tamer

We introduce a notion of median uncorrelation that is a natural extension of mean (linear) uncorrelation. A scalar random variable Y is median uncorrelated with a kdimensional random vector X if and only if the slope fro...Read more...

September 2010

DARP Paper

Tax Compliance by Firms and Audit Policy

Ralph Bayer and Frank A Cowell

Firms are usually better informed than tax authorities about market conditions and the potential profits of competitors. They may try to exploit this situation by underreporting their own taxable profits. The tax authori...Read more...

September 2010

CASEpaper

Assessing the sustainability of pension reforms in Europe

Aaron George Grech

Spurred by the ageing transition, many governments have made wide-ranging reforms, dramatically changing Europe's pensions landscape. Nevertheless there remain concerns about future costs, while unease about adequacy is ...Read more...

September 2010

Development Discussion Paper

Diversity and the Power of the Elites in Democratic Societies: A Model and a Test.

Oriana Bandiera and Gilat Levy

This paper analyzes whether political outcomes in local democracies are determined by the preferences of the median - typically poor - agents or whether they reflect the wishes of the wealthy elites. A model shows that w...Read more...

August 2010

Economics of Industry Paper

Spreading the Word: Geography, Policy and University Knowledge Diffusion

Sharon Belenzon and Mark Schankerman

Using new data on citations to university patents and scientific publications, and measures of distance based on Google maps, we study how geography affects university knowledge diffusion. We show that knowledge flows fr...Read more...

August 2010

Econometrics Paper

Semiparametric Estimation of Locally Stationary Diffusion Models

Bonsoo Koo and Oliver Linton

This paper proposes a class of locally stationary diffusion processes. The model has a time varying but locally linear drift and a volatility coefficient that is allowed to vary over time and space. We propose estimators...Read more...

August 2010

Econometrics Paper

Semiparametric Estimation of Markov Decision Processeswith Continuous State Space

Sorawoot Srisuma and Oliver Linton

We propose a general two-step estimation method for the structural parameters of popular semiparametric Markovian discrete choice models that include a class of Markovian Games and allow for continuous observable state s...Read more...

August 2010

Econometrics Paper

Loch Linear Fitting under Near Epoch Dependence: Uniform Consistency with Convergence Rate

Degui Li, Zudi Lu and Oliver Linton

Local linear fitting is a popular nonparametric method in nonlinear statistical and econometric modelling. Lu and Linton (2007) established the point wise asymptotic distribution (central limit theorem) for the local lin...Read more...

August 2010

Development Discussion Paper

Repayment Frequency in Microfinance Contracts with Present-Biased Borrowers

Greg Fischer and Maitreesh Ghatak

This paper analyzes the theoretical underpinnings of high-frequency repayment, a feature in nearly all microfinance contracts that has been largely overlooked by theorists. The pervasive belief among practitioners that f...Read more...

July 2010

International Studies Paper

Weaknesses in Japan’s Postwar Politics

Reiko Oyama and Tomoki Takeda

Discusses Japan’s political immobilism caused by lack of strong ministerial leadership and failure of reform initiatives. Attributes it to the power of factions within political parties which reforms have failed to break...Read more...

1 June 2010

CASEreport

Housing Futures: our homes and communities. A report for the Federation of Master Builders

Laura Lane and Anne Power

Forward by Ron Storer, President, Federation of Master Builders: The housing system is intrinsically linked to almost every major area of government policy from the economy and taxation to the environment and education. ...Read more...

June 2010

Economics of Industry Paper

Automobile Replacement: A Dynamic Structural Approach

Pasquale Schiraldi

This paper specifies and estimates a structural dynamic model of consumer demand for new and used durable goods. Its primary contribution is to provide an explicit estimation procedure for transaction costs, which are cr...Read more...

June 2010

Theoretical Economics Paper

Screening with an Approximate Type Space

Kristóf Madarász and Andrea Prat

We re-visit the single-agent mechanism design problem with quasi-linear preferences, but we assume that the principal knowingly operates on the basis of only an approximate type space rather than the (potentially complex...Read more...

June 2010

CASEreport

What do the public think about economic and social rights? Research Report to Inform the Debate about a Bill of Rights and a Written Constitution

Polly Vizard

June 2010

Development Discussion Paper

Thinness and Obesity: A Model of Food Consumption, Health Concerns, and Social Pressure

Davide Dragone and Luca Savorelli

The increasing concern of the policy maker about eating behavior has focused on the spread of obesity and on the evidence of a consistent number of individuals dieting despite being underweight. As the latter behavior is...Read more...

June 2010

Public Economics Programme Discussion Paper

Preference Heterogeneity and Optimal Capital Taxation

Mikhail Golosov, Aleh Tsyvinsky and Matthew Weinzierl

We analytically and quantitatively examine a prominent justification for capital income taxation: goods preferred by those with high ability ought to be taxed. We study an environment where commodity taxes are allowed to...Read more...

June 2010

CASEbrief

What do the public think about economic and social rights

Polly Vizard

May 2010

Econometrics Paper

Estimation of Structural Optimization Models: A Note on Identification

Sorawoot Srisuma

Bajari, Benkard and Levin (2007) propose an estimation methodology for a broad class of dynamic optimization problems. To carry out their procedure, one needs to select a set of alternative policy functions and compare t...Read more...

May 2010

Public Economics Programme Discussion Paper

The Tyranny Puzzle in Welfare Economics: An empirical investigation

Frank A Cowell, Marc Fleurbaey and Bertil Tungodden

We address a puzzle in welfare economics – the possibility that rational people may be simultaneously against two apparently con‡icting forms of “tyranny.” In fact the two types of tyranny can be reconciled but at the po...Read more...

May 2010

Public Economics Programme Discussion Paper

Consumption and Cash-Flow Taxes in an International Setting

Alan J. Auerbach and Michael P. Devereux

We model the effects of consumption-type taxes which differ according to the base and location of the tax. Our model incorporates a monopolist producing and selling in two countries with three sources of rent, each in a ...Read more...

May 2010

Public Economics Programme Discussion Paper

Optimal Control of Externalities in the Presence of Income Taxation

Louis Kaplow

A substantial literature examines second-best environmental policy, focusing particularly on how the Pigouvian directive that marginal taxes should equal marginal external harms needs to be modified in light of the preex...Read more...

May 2010

Public Economics Programme Discussion Paper

Do Child Tax Benefits Affect the Wellbeing of Children? Evidence from Canadian Child Benefit Expansions

Kevin Milligan and Mark Stabile

A vast literature has examined the impact of family income on the health and development outcomes of children. One channel through which increased income may operate is an improvement in a family's ability to provide foo...Read more...

May 2010

Econometrics Paper

Statistical Inference on Regression with Spatial Dependence

Peter M Robinson and Supachoke Thawornkaiwong

Central limit theorems are developed for instrumental variables estimates of linear and semi-parametric partly linear regression models for spatial data. General forms of spatial dependence and heterogeneity in explanato...Read more...

April 2010

Theoretical Economics Paper

Spatial Asset Pricing: A First Step

Francois Ortalo-Magne and Andrea Prat

People choose where to live and how much to invest in housing. Traditionally, the first decision has been the domain of spatial economics, while the second has been analyzed in finance. Spatial asset pricing is an attemp...Read more...

April 2010

Development Discussion Paper

The Reversal of Fortune Thesis Reconsidered

Sanghamitra Bandyopadhyay and Elliott Green

Acemoglu, Johnson, & Robinson (2002) have claimed that the world income distribution underwent a 'Reversal of Fortune' from 1500 to the present, whereby formerly rich countries in what is now the developing world became ...Read more...

April 2010

CASEreport

CASE Annual Report 2009

March 2010

Econometrics Paper

Nonparametric Trending Regression with Cross-Sectional Dependence

Peter M Robinson

Panel data, whose series length T is large but whose cross-section size N need not be, are assumed to have a common time trend. The time trend is of unknown form, the model includes additive, unknown, individual-specific...Read more...

January 2010

Public Economics Programme Discussion Paper

Preference Heterogeneity and Optimal Capital Income Taxation

Mikhail Golosov, Aleh Tayvinski and Matthew Weinzierl

We analytically and quantitatively examine a prominent justi.cation for capital income taxation: goods preferred by those with high ability ought to be taxed. We study an environment where commodity taxes are allowed to ...Read more...

January 2010

CASEreport

An Anatomy of Economic Inequality in the UK - Report of the National Equality Panel

John Hills

Britain is an unequal country, more so than many other industrial countries and more so than a generation ago. This is manifest in many ways - most obviously in the gap between those who are well off and those who are le...Read more...

January 2010

Development Discussion Paper

Community Networks and Poverty Reduction Programmes: Evidence from Bangladesh

Oriana Bandiera, Robin Burgess, Selim Gulesci and Imran Rasul

Whether basic entrepreneurship can be inculcated amongst the poorest in society and serve as a route out of poverty remains an open question. We provide evidence on this issue by looking at the effects of a large-scale a...Read more...

December 2009

DARP Paper

Redistributive Taxation, Public Expenditure and the Size of Government

Sanghamitra Bandyopadhyay and Joan Esteban

We introduce a model of redistributive income taxation and public expenditure. This joint treatment permits analyzing the interdependencies between the two policies: one cannot be chosen independently of the other. Empir...Read more...

December 2009

Theoretical Economics Paper

Religious Organizations

Gilat Levy and Ronnie Razin

We propose a model of religious organizations which relies on the ability of such organizations to affect individual beliefs about the causality between actions in the social context and personal utility shocks. We show ...Read more...

November 2009

Development Discussion Paper

Thanks for Nothing? Not-for-Profits and Motivated Agents

Maitreesh Ghatak and Hannes Mueller

We re-examine the labor donation theory of not-for-profits and show that these organizations may exist not necessarily because motivated workers prefer to work in them, or that they dominate for-profits in terms of welfa...Read more...

November 2009

Econometrics Paper

Nonparametric Identification in Asymmetric Second-Price Auctions: A New Approach

Tatiana Komarova

This paper proposes an approach to proving nonparametric identification for distributions of bidders' values in asymmetric second-price auctions. I consider the case when bidders have independent private values and the o...Read more...

October 2009

Econometrics Paper

Efficient Estimation of a Multivariate Multiplicative Volatility Model

Christian M. Hafner and Oliver Linton

We propose a multivariate generalization of the multiplicative volatility model of Engle and Rangel (2008), which has a nonparametric long run component and a unit multivariate GARCH short run dynamic component. We sugge...Read more...

October 2009

Econometrics Paper

ESTIMATION OF A SEMIPARAMETRIC IGARCH(1,1) MODEL

Woocheol Kim and Oliver Linton

We propose a semiparametric IGARCH model that allows for persistence in variance but also allows for more flexible functional form. We assume that the difference of the squared process is weakly stationary. We propose an...Read more...

October 2009

Econometrics Paper

Nonparametric Regression with a Latent Time Series

Oliver Linton, Søren Feodor Nielsen and Jens Perch Nielsen

In this paper we investigate a class of semiparametric models for panel datasets where the cross-section and time dimensions are large. Our model contains a latent time series that is to be estimated and perhaps forecast...Read more...

October 2009

Theoretical Economics Paper

Gradualism in Dynamic Agenda Formation

Gilat Levy and Ronnie Razin

We analyze a dynamic model of agenda formation in which players compete in each period to put their ideal policies on the agenda. In each period, with some probability, a decision maker is called upon to take an action f...Read more...

September 2009

Theoretical Economics Paper

Quantity Competition in Networked Markets Outflow and Inflow Competition

Francesco Nava

This paper investigates how quantity competition operates in economies in which a network describes the set of feasible trades. A general equilibrium model is presented in which prices and .ows of goods are endogenously ...Read more...

September 2009

Economics of Industry Paper

Second-Hand Markets and Collusion by Manufacturers of Semidurable Goods

Pasquale Schiraldi

The focus of the present work is to study the impact of the second-hand market the collusive behavior. I analyze firms’ preferences for having an active second-hand market and whether policies (i.e. leasing policy, buy-b...Read more...

September 2009

CASEreport

Low Income Housing Estates: A report to Hammersmith United Charities on supporting communities, preventing social exclusion and tackling need in the London Borough of Hammersmith and Fulham

Laura Lane and Anne Power

September 2009

Development Discussion Paper

Bad Apples: Political Paralysis and the Quality of Politicians

Gabriel Leon

Why do elected officials often suffer from political paralysis and fail to implement the best policies available? This paper considers a new yet intuitive explanation that focuses on the quality of the politicians compet...Read more...

August 2009

Econometrics Paper

Optimal Smoothing for a Computationally and Statistically Efficient Single Index Estimator

Wolfgang Härdle, Oliver Linton and Yingcun Xia

In semiparametric models it is a common approach to under-smooth the nonparametric functions in order that estimators of the finite dimensional parameters can achieve root-n consistency. The requirement of under-smoothin...Read more...

July 2009

Development Discussion Paper

Soldiers or Bureaucrats? Conflict and the Military’s Role in Policy-Making

Gabriel Leon

One of the most striking institutional features of many less developed countries is that their militaries are closely involved in policy-making, potentially having a large impact on economic outcomes. This paper examines...Read more...

July 2009

Econometrics Paper

An Alternative Way of Computing Efficient Instrumental Variable Estimators

Xiaohong Chen, David T. Jacho-Chávez and Oliver Linton

A new way of constructing efficient semiparametric instrumental variable estimators is proposed. The method involves the combination of a large number of possibly inefficient estimators rather than combining the instrume...Read more...

June 2009

CASEpaper

Women’s family histories and incomes in later life in the UK, US and West Germany

Maria Evandrou, Jane Falkingham and Tom Sefton

Using data from several large scale longitudinal surveys, this paper investigates the relationship between older women’s families histories and their personal incomes in later life in the UK, US and West Germany, By comp...Read more...

June 2009

CASEpaper

Reducing the Risks to Health: The role of social protection Report of the Social Protection Task Group for the Strategic Review of Health Inequalities in England Post 2010

Howard Glennerster

We demonstrate that the introduction of social protection systems as well as their generosity and coverage have significant impacts on health. Who receives the benefits within the household affects the health outcomes fo...Read more...

June 2009

CASEpaper

The relationship between women’s work histories and incomes in later life in the UK, US and West Germany

Tom Sefton, Jane Falkingham and Maria Evandrou

Using data from several large scale longitudinal surveys, this paper investigates the relationship between older women’s personal incomes and their work histories in the UK, US and West Germany. By comparing three countr...Read more...

June 2009

Econometrics Paper

Nonparametric Estimation of a Polarization Measure

Gordon Anderson, Oliver Linton and Yoon-Jae Whang

This paper develops methodology for nonparametric estimation of a polarization measure due to Anderson (2004) and Anderson, Ge, and Leo (2006) based on kernel estimation techniques. We give the asymptotic distribution th...Read more...

June 2009

Development Discussion Paper

State Capacity, Conflict and Development

Timothy Besley and Torsten Persson

We report on an on-going project, which asks a number of questions relevant to the study of state capacity. What are the main economic and political determinants of the state’s capacity to raise revenue and support priva...Read more...

June 2009

Development Discussion Paper

Estimating the Peace Dividend: The Impact of Violence on House Prices in Northern Ireland

Timothy Besley and Hannes Mueller

This paper exploits data on the pattern of violence across regions and over time to estimate the impact of the peace process in Northern Ireland on house prices. We begin with a linear model that estimates the average tr...Read more...

May 2009

Development Discussion Paper

Marry for What? Caste and Mate Selection in Modern India

Abhijit Banerjee, Esther Duflo, Maitreesh Ghatak and Jeanne Lafortune

This paper studies the role played by caste, education and other social and economic attributes in arranged marriages among middle-class Indians. We use a unique data set on individuals who placed matrimonial advertiseme...Read more...

May 2009

Development Discussion Paper

The de Soto Effect

Timothy Besley and Maitreesh Ghatak

This paper explores the consequences of creating and improving property rights so that fixed assets can be used as collateral. This has become a cause célèbre of Hernando de Soto whose views are influential in debates ab...Read more...

April 2009

DARP Paper

Goodness-of-Fit: An Economic Approach

Frank A Cowell, Emmanuel Flachaire and Sanghamitra Bandyopadhyay

Specific functional forms are often used in economic models of distributions; goodness-of-fit measures are used to assess whether a functional form is appropriate in the light of real-world data. Standard approaches use ...Read more...

April 2009

DARP Paper

Inequality Decomposition - A Reconciliation

Frank A Cowell and Carlo V. Fiorio

We show how classic source-decomposition and subgroup-decomposition methods can be reconciled with regression methodology used in the recent literature. We also highlight some pitfalls that arise from uncritical use of t...Read more...

April 2009

Development Discussion Paper

Do Small States Get More Federal Monies? Myth and Reality About the US Senate Malapportionment

Valentino Larcinese, Leonzio Rizzo and Cecilia Testa

We analyze the relationship between senate malapportionment and the allocation of the US federal budget to the states during the period 1978-2002. A substantial literature originating from the influential paper by ?) fin...Read more...

April 2009

CASEreport

CASE Annual Report 2008

March 2009

DARP Paper

The Class of Absolute Decomposable Inequality Measures

Kristof Bosmans and Frank A Cowell

We provide a parsimonious axiomatisation of the complete class of absolute nequality indices. Our approach uses only a weak form of decomposability and does not require a priori that the measures be differentiable. ...Read more...

February 2009

Development Discussion Paper

Property Rights and Economic Development

Timothy Besley and Maitreesh Ghatak

This chapter develops a unified analytical framework, drawing on and extending the existing literature on the subject, for studying the role of property rights in economic development. It addresses two fundamental and re...Read more...

February 2009

Development Discussion Paper

The Incidence of Civil War: Theory and Evidence

Timothy Besley and Torsten Persson

This paper studies the incidence of civil war over time. We put forward a canonical model of civil war, which relates the incidence of conflict to circumstances, institutions and features of the underlying economy and po...Read more...

February 2009

Econometrics Paper

Uniform Bahadur Representation for Local Polynomial Estimates of M-Regression and Its Application to The Additive Model

Efang Kong, Oliver Linton and Yingcun Xia

We use local polynomial fitting to estimate the nonparametric M-regression function for strongly mixing stationary processes {(Y_i,?X_i ) } . We establish a strong uniform consistency rate for the Bahadur representation ...Read more...

January 2009

CASEpaper

The Effect of Health on Consumption Decisions in Later Life: Evidence from the UK

Eleni Karagiannaki

The analysis in this paper focuses on the impact of health on the savings and consumption decisions of the elderly. In principle, there are at least five alternative channels through which health may affect consumption a...Read more...

January 2009

Econometrics Paper

Large-Sample Inference on Spatial Dependence

Peter M Robinson

We consider cross-sectional data that exhibit no spatial correla- tion, but are feared to be spatially dependent. We demonstrate that a spatial version of the stochastic volatility model of financial econometrics, entail...Read more...

January 2009

Econometrics Paper

Inference On Nonparametrically Trending Time Series With Fractional Errors

Peter M Robinson

The central limit theorem for nonparametric kernel estimates of a smooth trend, with linearly-generated errors, indicates asymptotic independence and homoscedasticity across fixed points, irrespective of whether disturba...Read more...

January 2009

Development Discussion Paper

The Flypaper Effect Revisited

Fernando Aragon

This paper argues that there is nothing anomalous about the flypaper effect. I develop a simple median voter model of government spending with costly tax collection that predicts the flypaper effect and provide a quantif...Read more...

January 2009

Development Discussion Paper

Candidate nomination procedures and political selection: evidence from Latin American parties

Fernando Aragon

This paper explores empirically the role of nomination procedures on political selection and the determinants for adopting contestable selection methods such as primaries. Using data from Latin American parties, I find e...Read more...

January 2009

Econometrics Paper

Developments in the Analysis of Spatial Data

Peter M Robinson

Disregarding spatial dependence can invalidate methods for analyzing cross-sectional and panel data. We discuss ongoing work on developing methods that allow for, test for, or estimate, spatial dependence. Much of the st...Read more...

January 2009

Econometrics Paper

Correlation Testing in Time Series, Spatial and Cross-Sectional Data

Peter M Robinson

We provide a general class of tests for correlation in time series, spatial, spatiotemporal and cross-sectional data. We motivate our focus by reviewing how computational and theoretical difficulties of point estimation ...Read more...

January 2009

International Studies Paper

On the periphery of the Russo-Japanese war, Part 111

Ian Nish and Mizuyo Oyama

This discussion paper is a continuation of the two previous pamphlets which appeared under the title, ‘On the Periphery of the Russo-Japanese war’. A special symposium on this topic was held in the Morishima Room on 8 Ma...Read more...

December 2008

CASEpaper

Family ties: Women’s work and family histories and their association with incomes in later life in the UK

Tom Sefton, Maria Evandrou and Jane Falkingham

This paper examines the relationship between the family and work histories of older women in the UK and their individual incomes in later life, using retrospective data from the first fifteen waves of the British Househo...Read more...

December 2008

DARP Paper

Catastrophic Health Expenditure and Household Well-Being

Ramses H. Abul Naga and Karine Lamiraud

According to the catastrophic health expenditure methodology a household is in catastrophe if its health out-of-pocket budget share exceeds a critical threshold. We develop a conceptual framework for addressing three que...Read more...

November 2008

CASEreport

Time and Income Poverty

Tania Burchardt

November 2008

CASEpaper

The Impact of Policy Change on Job Retention and Advancement

Richard Dickens and Abigail McKnight

This paper examines the impact of the Working Families Tax Credit (WFTC) on employment retention and advancement. The WFTC, which replaced Family Credit in October 1999, supplemented earnings of low paid workers living i...Read more...

October 2008

CASEpaper

Assimilation of Migrants into the British Labour Market

Richard Dickens and Abigail McKnight

This paper discusses the extent to which migrants to Britain have been assimilated into the workforce. Migration into Britain has increased over the last 25 years, with a big increase in inflows in recent years. The pape...Read more...

October 2008

CASEpaper

Changes in earnings inequality and mobility in Great Britain 1978/9-2005/6

Richard Dickens and Abigail McKnight

This paper examines changes in earnings inequality and mobility between 1978/9 and 2005/6 using a unique dataset that includes both those with secure patterns of employment and a wider group who experience periods withou...Read more...

October 2008

Economics of Industry Paper

Motivation and Sorting in Open Source Software Innovation

Sharon Belenzon and Mark Schankerman

This paper studies the role of intrinsic motivation, reputation and reciprocity in driving open source software innovation. We exploit the observed pattern of contributions - the 'revealed preference' of developers - to ...Read more...

October 2008

Development Discussion Paper

Pandering Judges

Jordi Blanes i Vidal and Clare Leaver

Tenured public officials such as judges are often thought to be indifferent to the concerns of the electorate and, as a result, potentially lacking in discipline but unlikely to pander to public opinion. We investigate t...Read more...

September 2008

Development Discussion Paper

Decolonization: the Role of Changing World Factor Endowments

Roberto Bonfatti

European colonialism had two key economic aspects: the extraction of colonial wealth by colonizers, and the relevance of trade for colonial economies. I build a simple model of colonialism which puts these two elements a...Read more...

September 2008

DARP Paper

Statistical Inference for Multidimensional Inequality Indices

Ramses H. Abul Naga

We use the delta method to derive the large sample distribution of multidimensional inequality indices. We also present a simple method for computing standard errors and obtain explicit formulas in the context of two fam...Read more...

August 2008

Econometrics Paper

Smoothness Adaptive Average Derivative Estimation

Marcia M Schafgans and Victoria Zinde-Walsh

Many important models, such as index models widely used in limited dependent variables, partial linear models and nonparametric demand studies utilize estimation of average derivatives (sometimes weighted) of the conditi...Read more...

August 2008

Economics of Industry Paper

Patent Thickets and the Market for Innovation: Evidence from Settlement of Patent Disputes

Alberto Galasso and Mark Schankerman

We study how fragmentation of patent rights (‘patent thickets’) and the formation of the Court of Appeal for the Federal Circuit (CAFC) affected the duration of patent disputes, and thus the speed of technology diffusion...Read more...

August 2008

Theoretical Economics Paper

Statute Law or Case Law?

Luca Anderlini, Leonardo Felli and Alessandro Riboni

In a Case Law regime Courts have more flexibility than in a Statute Law regime. Since Statutes are inevitably incomplete, this confers an advantage to the Statute Law regime over the Case Law one. However, all Courts rul...Read more...

August 2008

CASEreport

'Teach in' on Energy and Existing Homes - restoring neighbourhoods and slowing climate change

Anne Power, Laura Lane and Nicola Serle

July 2008

CASEreport

Report to Incommunities on the About Turn Project

Anne Power, Laura Lane and Nicola Serle

May 2008

CASEpaper

Welfare Reform in the United States: Implications for British Social Policy (with commentaries by Kitty Stewart, David Piachaud and Howard Glennerster)

James Midgley

Recent government pronouncements in the UK and above all the recent Conservative Party (2008) policy document on welfare reform suggest that US welfare reform is increasingly being taken as a model for the UK. What lesso...Read more...

April 2008

Japanese Studies Programme Paper

Earnings Quality, Accruals and Subjective Goodwill Accounting

Yuko Katsuo

This paper analyses accounting accruals that may relate to earnings quality and its information content. The characteristics specifying earning quality are discussed according to research surveys of earnings quality. The...Read more...

April 2008

CASEreport

Case Study 5: Belfast's Gasworks Employment Matching Service

Jorg Ploger

April 2008

CASEreport

Case Study 4: Leipzig's Municipal Job Agency

Jorg Ploger

April 2008

CASEreport

Case Study 3: Bremen's Innovation Policy

Jorg Ploger

April 2008

CASEreport

Case Study 2: Torino's Associazione Apolie drop-in centre

Astrid Winkler

April 2008

CASEreport

CASE Study 1: Sheffield's Construction JOBMatch Programme

Astrid Winkler

April 2008

Political Economy and Public Policy Paper

Partisan Bias in Economic News: Evidence on the Agenda-Setting Behavior of U.S. Newspapers

Valentino Larcinese, Riccardo Puglisi and James M. Snyder, Jr.

We study the agenda-setting political behavior of a large sample of U.S. newspapers during the last decade, and the behavior of smaller samples for longer time periods. Our purpose is to examine the intensity of coverage...Read more...

March 2008

CASEreport

Transforming Cities across Europe: An interim report on problems and progress

Anne Power, Jorg Ploger and Astrid Winkler

March 2008

DARP Paper

Corporate Tax Competition and Public Capital Stock

Pedro Gomes and François Pouget

This paper argues that the governmental decisions on corporate tax and public capital stock are not independent. In order to explain this relationship, we have built a general equilibrium model of corporate tax competiti...Read more...

March 2008

Econometrics Paper

Bootstrap Tests of Stochastic Dominance with Asymptotic Similarity on the Boundary

Oliver Linton, Kyungchul Song and Yoon-Jae Whang

We propose a new method of testing stochastic dominance which improves on existing tests based on bootstrap or subsampling. Our test requires estimation of the contact sets between the marginal distributions. Our tests h...Read more...

February 2008

CASEpaper

Driven to swim with the tide? Urban redevelopment and community participation in China

Hyun Bang Shin

Over the last decade, there has been growing attention to the issue of neighbourhood governance and community participation in China. The focus has been on the extent to which community involvement in rule-making and dec...Read more...

February 2008

CASEreport

CASE Annual Report 2007

January 2008

CASEpaper

Understanding the relationship between parental income and multiple child outcomes: A decomposition analysis

Paul Gregg, Carol Propper and Elizabeth Washbrook

In this paper we explore the association between family income and children’s cognitive ability (IQ and school performance), socio-emotional outcomes (self esteem, locus of control and behavioural problems) and physical ...Read more...

December 2007

CASEpaper

Are current levels of air pollution in England too high? The impact of pollution on population mortality

Katharina Janke, Carol Propper and J. Vernon Henderson

We examine the relationship between common sources of airborne pollution and population mortality in present day England. The current air quality limit values are low by both historical and international standards, and t...Read more...

December 2007

CASEreport

Sheffield City Report

Astrid Winkler

December 2007

CASEreport

Belfast City Report

Jorg Ploger

December 2007

CASEreport

Bilbao City Report

Jorg Ploger

December 2007

CASEreport

Leipzig City Report

Jorg Ploger

December 2007

CASEreport

Torino City Report

Astrid Winkler

December 2007

CASEreport

Tenants and their Communities: Summary report to the DCLG on the consultation with tenants on the future roles of social housing

Anne Power

November 2007

CASEreport

Communities and Demolition: Findings from a workshop at the National Communities Resource Centre

Anne Power

November 2007

CASEreport

Saint-Étienne City Report

Astrid Winkler

October 2007

Development Economics Paper

Just Rewards? Local Politics and Public Resource Allocation in South India

Timothy Besley, Rohini Pande and Vijayendra Rao

This paper uses data on elected village councils in South India to examine the political economy of public resource allocation. We find that the pattern of policy-making reflects politicians' self-interest. Elected counc...Read more...

October 2007

CASEreport

Bremen City Report

Jorg Ploger

October 2007

Econometrics Paper

Multiple Local Whittle Estimation in Stationary Systems

Peter M Robinson

Moving from univariate to bivariate jointly dependent long memory time series introduces a phase parameter (?), at the frequency of principal interest, zero; for short memory series ? = 0 automatically. The latter case h...Read more...

October 2007

DARP Paper

Income Distribution and Inequality

Frank A Cowell

What are the principal issues on which research on income distribution and inequality focus? How might that focus shift in the immediate future? Prepared for the The Elgar Handbook of Socio-Economics....Read more...

October 2007

DARP Paper

Distributional Orderings: An Approach with Seven Flavours

Wulf Gaertner, Frank A Cowell and Yoram Amiel

We examine individuals' distributional orderings in a number of contexts. This is done by using a questionnaire-experiment that is presented to respondents in any one of seven “flavours” or interpretations of the basic d...Read more...

October 2007

Econometrics Paper

Efficient Estimation of a Semiparametric Characteristic-Based Factor Model of Security Returns

Gregory Connor, Matthias Hagmann and Oliver Linton

This paper develops a new estimation procedure for characteristic-based factor models of security returns. We treat the factor model as a weighted additive nonparametric regression model, with the factor returns serving ...Read more...

October 2007

Econometrics Paper

Inference about Realized Volatility using Infill Subsampling

Ilze Kalnina and Oliver Linton

We investigate the use of subsampling for conducting inference about the quadratic variation of a discretely observed diffusion process under an infill asymptotic scheme. We show that the usual subsampling method of Poli...Read more...

September 2007

Econometrics Paper

DIAGNOSTIC TESTING FOR COINTEGRATION

Peter Robinson

We develop a sequence of tests for specifying the cointegrating rank of, possibly fractional, multiple time series. Memory parameters of observables are treated as unknown, as are those of possible cointegrating errors. ...Read more...

September 2007

International Studies Paper

Bond Markets and Banks in Inter-War Japan

Makoto Kasuya

Issues of bonds increased in inter-war Japan, the main investors in bonds being banks because demand for loans declined in this period. Banks that were more tolerant of risks (that is, whose capital ratio was higher) mad...Read more...

August 2007

CASEpaper

Freedom to be a Child: Commercial Pressures on Children

David Piachaud

Children’s lives have been transformed over the past century. Family incomes have increased, children lead more solitary lives, attitudes to childhood have changed, new products have been developed and commercial pressur...Read more...

July 2007

CASEpaper

Welfare Reforms and Child Well-Being in the US and UK

Jane Waldfogel

This paper examines the effects of recent welfare reforms in the US and UK on the well-being of children in low-income families, looking specifically at the effects on poverty, family expenditures, and child health and d...Read more...

July 2007

CASEpaper

Socio-Economic Status and Child Behaviour: Evidence from a contemporary UK cohort

Carol Propper and John A. Rigg

This paper examines whether and how socio-economic status is associated with children’s behavioural development in today’s children. Using a large cohort of English children born in the early 1990s we find significant so...Read more...

July 2007

Economics of Industry Paper

Broad Cross-License Agreements and Persuasive Patent Litigation: Theory and Evidence from the Semiconductor Industry

Alberto Galasso

In many industries broad cross-license agreements are considered a useful method to obtain freedom to operate and to avoid patent litigation. In this paper I study the previously neglected dynamic trade-off between litig...Read more...

July 2007

CASEpaper

Refinancing Europe’s Higher Education through Deferred and Income-Contingent Fees: An empirical assessment using Belgian, German and UK data

Vincent Vandenberghe and O Debande

The arguments for refinancing the European Union’s (EU) higher education via higher tuition fees largely rest on preserving the profitability of the educational investment and offering deferred and income-contingent paym...Read more...

June 2007

CASEpaper

Family Income and Tertiary Education Attendance across the EU: An empirical assessment using sibling data

Vincent Vandenberghe

There is plenty of evidence across the EU to suggest that young people from poorer backgrounds are less likely to attend tertiary education than their better-off peers. This correlation is often used to justify monetary ...Read more...

June 2007

Econometrics Paper

ON DISCRETE SAMPLING OF TIME-VARYING CONTINUOUS-TIME SYSTEMS

Peter Robinson

We consider a multivariate continuous time process, generated by a system of linear stochastic differential equations, driven by white noise and involving coefficients that possibly vary over time. The process is observa...Read more...

June 2007

DARP Paper

Inequality Measurement for Ordered Response Health Data

Ramses H. Abul Naga and Tarik Yalcin

When health status is an ordered response variable, Allison and Foster (2004) postulate that a distribution Q ?exhibits more inequality than a distribution P ?if Q ?is obtained from P ?via a sequence of median preserving...Read more...

June 2007

CASEreport

Social Capital within the Neighbourhood

Anne Power and Helen Willmot

Modelling Lorenz Curves: robust and semi-parametric issues

Frank A Cowell and Maria-Pia Victoria-Feser

Modelling Lorenz curves (LC) for stochastic dominance comparisons is central to the analysis of income distribution. It is conventional to use non-parametric statistics based on empirical income cumulants which are in th...Read more...

March 2007

Political Economy and Public Policy Paper

Group deliberation and the transformation of judgments: an impossibility result

Christian List

While a large social-choice-theoretic literature discusses the aggregation of individual judgments into collective ones, there is relatively little formal work on the transformation of individual judgments in group delib...Read more...

March 2007

Econometrics Paper

Estimation of Nonlinear Error Correction Models

Myung Hwan Seo

Asymptotic inference in nonlinear vector error correction models (VECM) that exhibit regime-specific short-run dynamics is nonstandard and complicated. This paper contributes the literature in several important ways. Fir...Read more...

March 2007

DARP Paper

On the Measurement of Polarisation: A questionnaire study

Yoram Amiel, Frank A Cowell and Xavier Ramos

Starting from the axiomatisation of polarisation contained in Esteban and Ray (1994) and Chakravarty and Majumdar (2001) we investigate whether people’s perceptions of income polarisation is consistent with the key axiom...Read more...

March 2007

CASEreport

Report on the consultation with tenants on the future of social housing at Trafford Hall

Anne Power

February 2007

Political Economy and Public Policy Paper

Individual and Collective Performance and the Tenure of British Ministers 1945-1997

Samuel Berlinski, Torun Dewan and Keith Dowding

We study the effects of individual and collective ministerial performance on the length of time a minister serves in British government from 1945-97, using the number of resignation calls for a minister as an individual ...Read more...

February 2007

Political Economy and Public Policy Paper

The Qualities of Leadership: Direction, Communication, and Obfuscation

Torun Dewan and David P. Myatt

Party activists wish to (i) advocate the best policy and yet (ii) unify behind a common party line. An activist’s understanding of his environment is based on the speeches of party leaders. A leader’s influence, measured...Read more...

February 2007

DARP Paper

Modelling Vulnerability in the UK

Sanghamitra Bandyopadhyay and Frank A Cowell

In this paper we examine the concept of 'vulnerability' (Townsend 1994) within the context of income mobility of the poor. We test for the dynamics of vulnerable households in the UK using Waves 1 - 12 of the British Hou...Read more...

February 2007

Econometrics Paper

SEMIPARAMETRIC ESTIMATION OF A BINARY RESPONSE MODEL WITH A CHANGE-POINT DUE TO A COVARIATE THRESHOLD

Sokbae Lee and Myunghwan Seo

This paper is concerned with semiparametric estimation of a threshold binary response model. The estimation method considered in the paper is semiparametric since the parameters for a regression function are finite-dimen...Read more...

February 2007

Economics of Industry Paper

Harnessing Success: Determinants of University Technology Licensing Performance

Sharon Belenzon and Mark Schankerman

We study the impact of incentive pay, local development objectives and government constraints on university licensing performance. We develop and test a simple contracting model of technology licensing offices, using new...Read more...

February 2007

CASEreport

Ends and Means: The future roles of social housing in England

John Hills

February 2007

CASEpaper

Using the British Household Panel Survey to explore changes in housing tenure in England

Tom Sefton

Very little information exists about households’ longer-term movements between tenures. Some cross-section datasets include information on length of stay in any residence but we have no systematic study of movement over ...Read more...

February 2007

Econometrics Paper

Efficient Estimation of the Semiparametric Spatial Autoregressive Model

Peter M Robinson

Efficient semiparametric and parametric estimates are developed for a spatial autoregressive model, containing nonstochastic explanatory variables and innovations suspected to be non-normal. The main stress is on the cas...Read more...

February 2007

CASEreport

Families’ and children’s experience of sport and informal activity in Olympic areas of the East End

Rosemary Davidson and Anne Power

January 2007

Theoretical Economics Paper

The Political Economy of Housing Supply: Homeowners, Workers, and Voters

Francois Ortalo-Magne and Andrea Prat

Equilibrium of the housing market depends on a complex set of interactions between: (1) individual location decisions; (2) individual housing investment; (3) collective decisions on urban growth. We embed these three ele...Read more...

January 2007

CASEpaper

Pension Policy in EU25 and its Possible Impact on Elderly Poverty

Asghar Zaidi, Aaron George Grech and Michael Fuchs

This paper reviews changes in pension policies in EU countries between 1995 and 2005 and describes how they might affect risk of poverty for future pensioner populations. The pension landscape in Europe has changed consi...Read more...

December 2006

CASEpaper

Tibor Barna: The redistributive impact of taxes and social policies in the UK: 1937-2005

Howard Glennerster

Regular annual studies made by the Office of National Statistics in the UK are intended to show how far taxing household incomes and giving benefits in cash and kind to households redistributes income from rich to poor. ...Read more...

December 2006

Econometrics Paper

Selectivity and the gender wage gap decomposition in the presence of a joint decision process

Marcia M Schafgans and Morton Stelcnery

In this paper we revisit the gender decomposition of wages in the presence of selection bias. We show that when labor market participation decisions of couples are not independent, the sample selection corrections used i...Read more...

December 2006

DARP Paper

Inequality and Envy

Frank A Cowell and Udo Ebert

Using a simple axiomatic structure we characterise two classes of inequality indices - absolute and relative - that take into account “envy” in the income distribution. The concept of envy incorporated here concerns the ...Read more...

December 2006

DARP Paper

Growth and inequality: a demographic explanation

Kazutoshi Miyazawa

This paper investigates the relationship between growth and inequality from a demographic point of view. In an extended model of the accidental bequest with endogenous fertility, we analyze the effects of a decrease in o...Read more...

December 2006

CASEpaper

Work-Life Balance in a Low-Income Neighbourhood

Hartley Dean and Alice Coulter

‘Work-life balance’ generally refers to how people may combine paid employment with family responsibilities. The UK government’s attempts to promote work-life balance are connected to wider concerns to maximise labour-fo...Read more...

November 2006

CASEpaper

The Social Protection of Rural Workers in the Construction Industry in Urban China

Bingqin Li and Huamin Peng

The construction industry is important for Chinese rural to urban migrants. Over 90% of urban construction workers are rural migrants, and over a third of all rural migrants work in construction. The construction industr...Read more...

November 2006

International Studies Paper

Japanese Monarchy: Past and Present

Ben-Ami Shillony and Antony Best

Shillony: Paper examines how Japan’s imperial dynasty dependent on the male line of succession has lasted so long and analyses how it will overcome its present difficulties. An Advisory Panel was created to recommend fut...Read more...

November 2006

CASEpaper

Transition from Work to Retirement in EU25

Asghar Zaidi, Mattia Makovec and Michael Fuchs

The policy agenda of extending working lives requires a holistic understanding of factors underlying the decision of older workers to withdraw from work and to retire. This brief paper presents employment patterns and tr...Read more...

October 2006

Theoretical Economics Paper

Active Courts and Menu Contracts

Luca Anderlini, Leonardo Felli and Andrew Postlewaite

We describe and analyze a contractual environment that allows a role for an active court. The model we analyze is the same as in Anderlini, Felli, and Postlewaite (2006). An active court can improve on the outcome that t...Read more...

October 2006

Political Economy and Public Policy Paper

The Effect of Direct Democracy on Income Redistribution: Evidence for Switzerland

Lars P. Feld, Justina A.V. Fischer and Gebhard Kirchgässner

There is an intensive dispute in political economics about the impact of institutions on income redistribution. While the main focus is on comparison between different forms of representative democracy, the influence of ...Read more...

October 2006

Theoretical Economics Paper

SHOULD COURTS ALWAYS ENFORCE WHAT CONTRACTING PARTIES WRITE? This paper replaces TE/2003/464

Luca Anderlini, Leonardo Felli and Andrew Postlewaite

We find an economic rationale for the common sense answer to the question in our title — courts should not always enforce what the contracting parties write. We describe and analyze a contractual environment that allows ...Read more...

October 2006

Political Economy and Public Policy Paper

Leading the Party: Coordination, Direction, and Communication

Torun Dewan and David P. Myatt

Party activists face a coordination problem: a critical mass (a barrier to coordination) must advocate a single policy alternative if the party is to succeed. The need for direction is the degree to which the merits of t...Read more...

October 2006

Econometrics Paper

Estimating Quadratic Variation Consistently in the Presence of Correlated Measurement Error

Ilze Kalnina and Oliver Linton

We propose an econometric model that captures the e¤ects of market microstructure on a latent price process. In particular, we allow for correlation between the measurement error and the return process and we allow the m...Read more...

October 2006

Econometrics Paper

Identification and Nonparametric Estimation of a Transformed Additively Separable Model

David T. Jacho-Chávez, Arthur Lewbel and Oliver Linton

Let r (x, z) be a function that, along with its derivatives, can be consistently estimated nonparametrically. This paper discusses identification and consistent estimation of the unknown functions H, M, G and F, where r ...Read more...

September 2006

Econometrics Paper

ESTIMATING FEATURES OF A DISTRIBUTION FROM BINOMIAL DATA

Arthur Lewbel, Oliver Linton and DL McFadden

A statistical problem that arises in several fields is that of estimating the features of an unknown distribution, which may be conditioned on covariates, using a sample of binomial observations on whether draws from thi...Read more...

September 2006

Econometrics Paper

Semiparametric Estimation of a Characteristic-based Factor Model of Common Stock Returns

Gregory Connor and Oliver Linton

We introduce an alternative version of the Fama-French three-factor model of stock returns together with a new estimation methodology. We assume that the factor betas in the model are smooth nonlinear functions of observ...Read more...

September 2006

Political Economy and Public Policy Paper

Cross-Country Determinants of Life Satisfaction: Exploring Different Determinants across Groups in Society

Christian Bjørnskov, Axel Dreher and Justina A.V. Fischer

This paper explores a wide range of cross-country determinants of life satisfaction exploiting a database of 90,000 observations in 70 countries. We distinguish four groups of aggregate variables as potential determinant...Read more...

September 2006

Econometrics Paper

Conditional-Sum-of-Squares Estimation of Models for Stationary Time Series with Long Memory

Peter M Robinson

Employing recent results of Robinson (2005) we consider the asymptotic properties of conditional-sum-of-squares (CSS) estimates of parametric models for stationary time series with long memory. CSS estimation has been co...Read more...

September 2006

Econometrics Paper

TESTING FOR STOCHASTIC MONOTONICITY

Sokbae Lee, Oliver Linton and Yoon-Jae Whang

We propose a test of the hypothesis of stochastic monotonicity. This hypothesis is of interest in many applications. Our test is based on the supremum of a rescaled U-statistic. We show that its asymptotic distribution i...Read more...

August 2006

Econometrics Paper

Nonparametric Transformation to White Noise

Oliver Linton and Enno Mammen

We consider a semiparametric distributed lag model in which the “news impact curve” m is nonparametric but the response is dynamic through some linear filters. A special case of this is a nonparametric regression with se...Read more...

August 2006

DARP Paper

Inequality: Measurement

Frank A Cowell

This article provides a brief overview of the key issues in inequality measurement and has been prepared for inclusion in the second edition of The New Palgrave....Read more...

August 2006

CASEpaper

Foundations for measuring equality: A discussion paper for the Equalities Review

Tania Burchardt

The Equalities Review is an independent panel set up by the UK government in 2005 to investigate the persistence of social inequalities and to make recommendations for the development of a unified Commission for Equality...Read more...

June 2006

CASEpaper

From Beveridge to Turner: Demography, Distribution and the Future of Pensions in the UK

John Hills

This article outlines the recommendations of the UK Pensions Commission, and the data and analysis on which they were based, including projections of demographic change, trends in private pension saving, and evolution of...Read more...

June 2006

DARP Paper

To Be or not To Be Involved: A Questionnaire-Experimental View on Harsanyi’s Utilitarian Ethics

Yoram Amiel, Frank A Cowell and Wulf Gaertner

According to standard theory founded on Harsanyi (1953, 1955) a social welfare function can be appropriately based on the individual’s approach to choice under uncertainty. We investigate whether people really do rank di...Read more...

June 2006

DARP Paper

Rethinking Inequality Decomposition: Comment

Frank A Cowell and Carlo V. Fiorio

June 2006

Economics of Industry Paper

Strategic Patenting and Software Innovation

Michael Noel and Mark Schankerman

Strategic patenting is widely believed to raise the costs of innovating, especially in industries characterised by cumulative innovation. This paper studies the effects of strategic patenting on R&D, patenting and market...Read more...

June 2006

Econometrics Paper

Semiparametric Estimation of Fractional Cointegration

Javier Hualde and Peter M Robinson

A semiparametric bivariate fractionally cointegrated system is considered, integration orders possibly being unknown and I (0) unobservable inputs having nonparametric spectral density. Two kinds of estimate of the coint...Read more...

May 2006

Econometrics Paper

Finite Sample Performance in Cointegration Analysis of Nonlinear Time Series with Long Memory

Afonso Gonçalves da Silva and Peter M Robinson

Nonlinear functions of multivariate financial time series can exhibit long memory and fractional cointegration. However, tools for analysing these phenomena have principally been justified under assumptions that are inva...Read more...

April 2006

Political Economy and Public Policy Paper

BEING THE NEW YORK TIMES: THE POLITICAL BEHAVIOUR OF A NEWSPAPER

Riccardo Puglisi

TESTING MODELS OF DISTRIBUTIVE POLITICS USING EXIT POLLS TO MEASURE VOTER PREFERENCES AND PARTISANSHIP

Valentino Larcinese, James M. Snyder, Jr. and Cecilia Testa

This paper tests various hypotheses about distributive politics by studying the distribution of federal spending across U.S. states over the period 1978-2002. We improve on previous work by using survey data to measure t...Read more...

April 2006

CASEpaper

Understanding socio-economic inequalities in childhood respiratory health

Carol Propper and John A. Rigg

Asthma is the most common chronic disease of childhood. Recent evidence has shown a socio-economic gradient in its distribution. This paper examines whether a number of factors argued to have led to a rise in the inciden...Read more...

March 2006

CASEpaper

Assessing the impact of illness, caring and ethnicity on social activity

Lucinda Platt

It has long been accepted that lack of social participation in wider society is one aspect or one definition of poverty. Current concerns with the extent and distribution of social capital as both a measure of a good soc...Read more...

March 2006

Political Economy and Public Policy Paper

Information Acquisition, Ideology and Turnout: Theory and Evidence from Britain

Valentino Larcinese

The amount of political information that voters decide to acquire during an electoral campaign depends, among other things, on prior ideological beliefs about parties and/or candidates. Voters that are ex ante indifferen...Read more...

March 2006

Econometrics Paper

ROOT-N-CONSISTENT ESTIMATION OF WEAK FRACTIONAL COINTEGRATION

Javier Hualde and Peter M Robinson

Empirical evidence has emerged of the possibility of fractional cointegration such that the gap, ß, between the integration order d of observable time series, and the integration order ? of cointegrating errors, is less ...Read more...

March 2006

Development Economics Paper

Decentralization's Effects on Educational Outcomes in Bolivia and Colombia

Jean-Paul Faguet and Fabio Sanchez

The effects of decentralization on public sector outputs is much debated but little agreed upon. This paper compares the remarkable case of Bolivia with the more complex case of Colombia to explore decentralization’s eff...Read more...

March 2006

CASEreport

Tracking Income: How working families' incomes vary through the year

John Hills, Rachel Smithies and Abigail McKnight

March 2006

DARP Paper

Anti-evasion auditing policy in the presence of common income shocks

Miguel Sanchez

When fairly homogeneous taxpayers are affected by common income shocks, a tax agency’s optimal auditing strategy consists of auditing a low-income declarer with a probability that (weakly) increases with the other taxpay...Read more...

February 2006

DARP Paper

Gini, Deprivation and Complaints

Frank A Cowell

Recent insights from the philosopher Larry Temkin have suggested a new basis for the measurement of income inequality, founded on the notion of individual complaints. about income distribution. Under certain specificatio...Read more...

February 2006

DARP Paper

Vulnerable Households and Variable Incomes (published in Research on Economic Inequality, vol. 13 (2006), pp. 3-30)

Sanghamitra Bandyopadhyay and Frank A Cowell

In this paper we examine the concept of “vulnerability” within the context of income mobility of the poor. We test for the dynamics of vulnerable households in the UK using Waves 1 - 12 of the British Household Panel Stu...Read more...

February 2006

DARP Paper

Understanding Inequality Trends: Microsimulation Decomposition for Italy

Carlo V. Fiorio

This paper suggests overcoming some limitations of traditional inequality decomposition methods by developing a combination of Burtless (1999) and DiNardo et al. (1996), two different microsimulation methods for decompos...Read more...

February 2006

CASEpaper

Exploring the effects of integrated benefit systems and active labour market policies: Evidence from Jobcentre Plus in the UK

Eleni Karagiannaki

In April 2002 Jobcentre Plus started to operate in the UK bringing together the service of the Benefits Agency and the Employment Service. Offering a fully integrated benefit claiming and work placement/job-seeking servi...Read more...

February 2006

Development Economics Paper

Does Envy Destroy Social Fundamentals? The Impact of Relative Income Position on Social Capital

Justina A.V. Fischer and Benno Torgler

Research evidence on the impact of relative income position on individual attitudes and behaviour is sorely lacking. Therefore, this paper assesses such positional impact on social capital by applying 14 different measur...Read more...

February 2006

Econometrics Paper

Nonparametric Spectrum Estimation for Spatial Data

Peter M Robinson

Smoothed nonparametric kernel spectral density estimates are considered for stationary data observed on a d-dimensional lattice. The implications for edge effect bias of the choice of kernel and bandwidth are considered....Read more...

February 2006

Political Economy and Public Policy Paper

Electoral Bias and Policy Choice: Theory and Evidence

Timothy Besley and Ian Preston

February 2006

DARP Paper

Decomposition of Bivariate Inequality Indices by Attributes

Ramses H. Abul Naga and Pierre-Yves Geoffard

We provide, for the class of relative bidimensional inequality indices, a decomposition of inequality into two univariate Atkinson-Kolm-Sen indices and a third statistic which depends on the joint distribution of resourc...Read more...

February 2006

DARP Paper

Tax Compliance and Firms’ Strategic Interdependence

Ralph Bayer and Frank A Cowell

We focus on a relatively neglected area of the tax-compliance literature in economics, the behaviour of firms. We examine the impact of alternative audit rules on receipts from a tax on profits in the context of strategi...Read more...

February 2006

Economics of Industry Paper

Optimal Corporation Tax: An I.O. Approach

Luca Colombo, Paola Labrecciosa and Patrick Paul Walsh

Theory predicts that optimal effective corporation tax rates will be negatively related to industry specific sunk costs, and hence industry concentration. Governments should tax industries with monopolistic power softly....Read more...

February 2006

Economics of Industry Paper

The Long and Short of the Canada-U.S. Free Trade Agreement

Daniel Trefler

The Canada-U.S. Free Trade Agreement (FTA) provides a unique window onto the effects of a reciprocal trade agreement on an industrialized economy (Canada). For industries that experienced the deepest Canadian tariff cuts...Read more...

January 2006

Econometrics Paper

Consistent estimation of the memory parameter for nonlinear time series

Violetta Dalla, Liudas Giraitis and Javier Hidalgo

For linear processes, semiparametric estimation of the memory parameter, based on the log-periodogram and local Whittle estimators, has been exhaustively examined and their properties are well established. However, excep...Read more...

January 2006

CASEpaper

Modelling poverty by not modelling poverty: An application of a simultaneous hazards approach to the UK

Arnstein Aassve, Simon Burgess, Matt Dickson and Carol Propper

We pursue an economic approach to analysing poverty. This requires a focus on the variables that individuals can influence, such as forming or dissolving a union or having children. We argue that this indirect approach t...Read more...

January 2006

DARP Paper

Static and Dynamic Poverty in Spain, 1993-2000,(published in Hacienda Pública, no 179 (2007), pp. 51-77)

Elena Bárcena-Martín and Frank A Cowell

We focus on the statics and dynamics of poverty in Spain using data from the first eight waves of the European Community Household Panel from 1994 to 2001, a period not sufficiently covered by recent literature. The resu...Read more...

January 2006

CASEpaper

The Dynamics of School Attainment of England's Ethnic Minorities

Deborah Wilson, Simon Burgess and Adam Briggs

We exploit a universe dataset of state school students in England with linked test score records to document the evolution of attainment through school for different ethnic groups. The analysis yields a number of strikin...Read more...

January 2006

Political Economy and Public Policy Paper

The Length of Ministerial Tenure in the UK 1945-1997

Samuel Berlinski, Keith Dowding and Torun Dewan

We analyse the determinants of ministerial hazard rates in the UK from 1945-1997. We focus on three sets of attributes i) personal characteristics of the minister; ii) political characteristics of the minister and iii) c...Read more...

December 2005

Development Economics Paper

The Unequal Effects of Liberalization: Evidence from Dismantling the License Raj in India

Philippe Aghion, Robin Burgess, Stephen J. Redding and Fabrizio Zilibotti

This paper investigates whether the effects, on registered manufacturing out-put, employment, entry and investment, of dismantling the ‘license raj’ - a system of central controls regulating entry and production activity...Read more...

December 2005

CASEreport

Environmental issues and human behaviour in low-income areas in the UK

Anne Power and Jake Elster

November 2005

Political Economy and Public Policy Paper

Working or Shirking? A Closer Look at MPs’ Expenses and Parliamentary Attendance

Timothy Besley and Valentino Larcinese

This paper studies determinants of MPs expense claims in Parliament using the data released under the freedom of information act in 2004. Using a multiple regression framework, we correlate expenses with three sets of va...Read more...

November 2005

CASEpaper

Changes in the Living Arrangements of Elderly People in Greece: 1974-1999

Eleni Karagiannaki

During the period 1974-1999 the percentage of elderly living with their children in Greece reduced from 55 per cent to about 32 per cent. In this paper we examine determinants of the decrease in intergenerational co-resi...Read more...

November 2005

CASEpaper

Labour Market Disadvantage amongst Disabled People: A longitudinal perspective

John A. Rigg

Considerable cross-sectional evidence has highlighted the lower employment rates and earnings amongst disabled people in Britain. But very little is known about the progression of disabled people in employment. This stud...Read more...

November 2005

CASE Brookings Census Brief

Narrowing the Gap? The trajectory of England's poor neighbourhoods, 1991-2001

Alan Berube

November 2005

Econometrics Paper

A Smoothed Least Squares Estimator For Threshold Regression Models

Myunghwan Seo and Oliver Linton

We propose a smoothed least squares estimator of the parameters of a threshold regression model. Our model generalizes that considered in Hansen (2000) to allow the thresholding to depend on a linear index of observed re...Read more...

October 2005

Econometrics Paper

Pseudo-Maximum Likelihood Estimation of ARCH(8) Models

Peter M Robinson and Paolo Zaffaroni

Strong consistency and asymptotic normality of the Gaussian pseudo-maximum likelihood estimate of the parameters in a wide class of ARCH(8) processes are established. We require the ARCH weights to decay at least hyperbo...Read more...

October 2005

Political Economy and Public Policy Paper

Women in Politics. Evidence from the Indian states

Irma Clots-Figueras

This paper uses panel data from the 16 main states in India during the period 1967- 1999 to study the effects of having higher female representation in the State Legislatures on public goods, policy and expenditure. I fi...Read more...

October 2005

Political Economy and Public Policy Paper

Arrow’s theorem in judgment aggregation

Franz Dietrich and Christian List

In response to recent work on the aggregation of individual judgments on logically connected propositions into collective judgments, it is often asked whether judgment aggregation is a special case of Arrowian preference...Read more...

October 2005

DARP Paper

Hierarchic contracting

Rafael Hortala-Vallve and Miguel Sanchez

We analyze the contracting structure in a moral hazard setting with several agents where output is produced jointly and is the only contractible variable. Since the salary of each agent is a function of all agents effort...Read more...

September 2005

Political Economy and Public Policy Paper

Implementation of Anti-Discrimination Policy: Does Judicial Selection Matter?

Timothy Besley and A. Abigail Payne

One of the most striking changes in labor market policy of the past fifty years has come in the form of legislation to limit discrimination in the workplace based on race, gender, disability and age. If such measures are...Read more...

August 2005

Political Economy and Public Policy Paper

GOVERNANCE FROM BELOW A Theory of Local Government With Two Empirical Tests

Jean-Paul Faguet

I examine decentralization through the lens of the local dynamics that it unleashes. The national effects of decentralization are simply the sum of its local-level effects. Hence to understand decentralization we must fi...Read more...

August 2005

Political Economy and Public Policy Paper

The Costs of Remoteness: Evidence from German Division and Reunification

Stephen J. Redding and Daniel M. Sturm

This paper exploits the division of Germany after the Second World War and the reunification of East and West Germany in 1990 as a natural experiment to provide evidence of the importance of market access for economic de...Read more...

August 2005

Political Economy and Public Policy Paper

The Entry of NGO Schools and Girls’ Educational Outcomes in Bangladesh

Pataporn Sukontamarn

This paper uses household, school, and test score data from Bangladesh to compare and contrast the effectiveness of NGO-run and state-run schools in the provision of primary education. I study how the entry of NGOs in pr...Read more...

August 2005

Political Economy and Public Policy Paper

Strategy-proof judgment aggregation

Franz Dietrich and Christian List

In the theory of judgment aggregation on logically connected propositions, an important question remains open: Which aggregation rules are manipulable and which are strategy-proof? We define manipulability and strategy-p...Read more...

August 2005

Political Economy and Public Policy Paper

Handcuffs for the Grabbing Hand? Media Capture and Government Accountability

Timothy Besley and Andrea Prat

It has long been recognized that the media play an essential role in government accountability. However, even in the absence of censorship, the government may influence news content by maintaining a “cozy” relationship w...Read more...

August 2005

Political Economy and Public Policy Paper

Political Selection and the Quality of Government: Evidence from South India

Timothy Besley, Vijayendra Rao and Rohini Pande

This paper uses household data from India to examine the economic and social status of village politicians, and how individual and village characteristics a®ect politician behavior while in o±ce. Education increases the ...Read more...

August 2005

Development Economics Paper

Political Selection and the Quality of Government: Evidence from South India

Timothy Besley, Rohini Pande and Vijayendra Rao

August 2005

DARP Paper

Knowledge-Based Economic Development: Mass Media and the Weightless Economy REVISED MARCH 2009

CASE Annual Report 2004

May 2005

Theoretical Economics Paper

Characterizations of long-run producer optima and the short-run approach to long-run market equilibrium: a general theory with applications to peak-load pricing

Anthony Horsley and Andrew J Wrobel

This is a new formal framework for the theory of competitive equilibrium and its applications. Our “short-run approach” means the calculation of long-run producer optima and general equilibria from the short-run solution...Read more...

May 2005

Political Economy and Public Policy Paper

Advanced Purchase Commitments for a Malaria Vaccine: Estimating Costs and Effectiveness

Ernst R. Berndt, Rachel Glennerster, Michael R. Kremer, Jean Lee, Ruth Levine and Georg Weizsäcker

To overcome the problem of insufficient research and development (R&D) on vaccines for diseases concentrated in low-income countries, sponsors could commit to purchase viable vaccines if and when they are developed. One ...Read more...

April 2005

Theoretical Economics Paper

The Wong-Viner Envelope Theorem for subdifferentiable functions

Anthony Horsley and Andrew J Wrobel

The Wong-Viner Envelope Theorem on the equality of long-run and short-run marginal costs (LRMC and SRMC) is reformulated for convex but generally nondifferentiable cost functions. The marginal cost can be formalized as t...Read more...

April 2005

Theoretical Economics Paper

A Practical Short-run Approach to Market Equilibrium

Anthony Horsley and Andrew J Wrobel

The “short-run approach” calculates long-run producer optima and general equilibria by building on short-run solutions to the producer’s profit maximization problem and on profit-based valuation of the fixed inputs. We o...Read more...

April 2005

CASEpaper

Jobcentre Plus or Minus? Exploring the performance of Jobcentre Plus for non-jobseekers

Eleni Karagiannaki

Since April 2002 Jobcentre Plus has started to operate nationwide in the UK providing fully integrated benefit claiming and work placement/job-seeking activities for people of working age. This new organisation put an ex...Read more...

March 2005

CASEpaper

Perceptions of Redistribution: Report on exploratory qualitative research

Alan Hedges

This paper represents the results of a small-scale qualitative study, exploring public perceptions of the redistributive effects of taxation and public spending in the UK. Redistribution is not at the top of people’s min...Read more...

March 2005

CASEpaper

An exploration of childhood antecedents of female adult malaise in two British birth cohorts: Combining Bayesian model averaging and recursive partitioning

John Hobcraft and Wendy Sigle-Rushton

We use information from two prospective British birth cohort studies to explore the antecedents of adult malaise, an indicator of incipient depression. These studies include a wealth of information on childhood circumsta...Read more...

March 2005

CASEpaper

Knowing what is good for you: Empirical analysis of personal preferences and the 'objective good'

Orsolya Lelkes

This paper aims to test empirically if certain frequently used measures of well-being, which are regarded as valuable properties of human life, are actually desired by people. In other words, it investigates whether the ...Read more...

March 2005

CASE Brookings Census Brief

Changing Neighbourhoods? Mapping the geography of poverty and worklessness using the 1991 and 2001 Census

Ruth Lupton

March 2005

CASEpaper

Public and Private Welfare Activity in the United Kingdom, 1979 to 1999

Rachel Smithies

This paper analyses the shifting balance between public sector and private sector welfare provision in the United Kingdom over the past two decades. Five sectors – education, health, personal social services, housing, an...Read more...

March 2005

Econometrics Paper

Modelling Memory of Economic and Financial Time Series

Peter M Robinson

Much time series data are recorded on economic and financial variables. Statistical modelling of such data is now very well developed, and has applications in forecasting. We review a variety of statistical models from t...Read more...

March 2005

CASEpaper

Helter Skelter: Families, disabled children and the benefit system

Gabrielle Preston

Families with disabled children are susceptible to poverty because low income is compounded by high costs. Combing caring with employment is extremely difficult, so families are heavily reliant upon benefits. But do disa...Read more...

February 2005

Econometrics Paper

A Parametric Bootstrap Test for Cycles

Violetta Dalla and Javier Hidalgo

The paper proposes a simple test for the hypothesis of strong cycles and as a by-product a test for weak dependence for linear processes. We show that the limit distribution of the test is the maximum of a (semi)Gaussian...Read more...

February 2005

Census Briefs: International Report

Americans and Britons: Key Population Data from the Last Three US and UK Censuses

Rebecca Tunstall

February 2005

Census Briefs: International Report

Using the US and UK Censuses for Comparative Research

Rebecca Tunstall

February 2005

Political Economy and Public Policy Paper

Does Political Knowledge Increase Turnout? Evidence from the 1997 British General Election

Valentino Larcinese

A number of recent formal models predict a positive effect of political knowledge on turnout. Both information acquisition and turnout, however, are likely to be determined by a similar set of variables, rendering hard t...Read more...

February 2005

Economics of Industry Paper

Identifying technology spillovers and product market rivalry

Nicholas Bloom, Mark Schankerman and John Van Reenen

Support for many R&D and technology policies relies on empirical evidence that R&D “spills over” between firms. But there are two countervailing R&D spillovers: positive effects from technology spillovers and negative ef...Read more...

January 2005

CASEpaper

The Contributions of Professor Amartya Sen in the Field of Human Rights

Polly Vizard

This paper analyses the work of the Nobel Prize winning economist Professor Amartya Sen from the perspective of human rights. It assesses the ways in which Sen’s research agenda has deepened and expanded human rights dis...Read more...

January 2005

Econometrics Paper

Testable Implications of Forecast Optimality

Andrew J. Patton and Allan Timmermann

Evaluation of forecast optimality in economics and finance has almost exclusively been conducted on the assumption of mean squared error loss under which forecasts should be unbiased and forecast errors serially uncorrel...Read more...

January 2005

Econometrics Paper

Unit Root Test in a Threshold Autoregression: Asymptotic Theory and Residual-based Block Bootstrap

Myunghwan Seo

There is a growing literature on unit root testing in threshold autoregressive models. This paper makes two contributions to the literature. First, an asymptotic theory is developed for unit root testing in a threshold a...Read more...

January 2005

Econometrics Paper

The Bootstrap and the Edgeworth Correction for Semiparametric Averaged Derivatives

Yoshihiko Nishiyama and Peter M Robinson

In a number of semiparametric models, smoothing seems necessary in order to obtain estimates of the parametric component which are asymptotically normal and converge at parametric rate. However, smoothing can inflate the...Read more...

January 2005

Econometrics Paper

Distribution Free Goodness-of-Fit Tests for Linear Processes

Miguel A. Delgado, Javier Hidalgo and Carlos Velasco

This article proposes a class of goodness-of-fit tests for the autocorrelation function of a time series process, including those exhibiting long-range dependence. Test statistics for composite hypotheses are functionals...Read more...

January 2005

Econometrics Paper

Semiparametric Estimation for Stationary Processes whose Spectra have an Unknown Pole

Javier Hidalgo

We consider the estimation of the location of the pole and memory parameter, ?<sup>0</sup> and a respectively, of covariance stationary linear processes whose spectral density function f(?) satisfies f(?) ~ C|? - ?<sup>0...Read more...

January 2005

CASEreport

'The future's changed': Local impacts of housing, environment and regeneration policy since 1997

Caroline Paskell and Anne Power

January 2005

Economics of Industry Paper

DIFFERENTIAL MERGER EFFECTS: The Case of the Personal Computer Industry

Christos Genakos

This paper examines how information on the purchasing patterns of different customer segments can be used to more accurately evaluate the economic impact of mergers. Using a detailed dataset for the leading manufacturers...Read more...

December 2004

CASEpaper

Teenage Expectations and Desires about Family Formation in the United States

Robert D. Plotnick

Using data collected in 2000 on a racially and ethnically diverse sample of high school seniors (typically 17-18 years old), this study analyzes teenagers’ expectations and desires about marriage, having children, and be...Read more...

December 2004

CASEpaper

Income Mobility in Old Age in Britain and Germany

Asghar Zaidi, Joachim R. Frick and Felix Büchel

The increases in human longevity in recent decades and the trends for early retirement have posed new challenges for policy makers, and require a holistic understanding of the processes that influence the economic resour...Read more...

December 2004

CASEpaper

One man's rags are another man's riches: Identifying adaptive preferences using panel data

Tania Burchardt

One of the motivations frequently cited by Sen and Nussbaum for moving away from a utility metric towards a capabilities framework is a concern about adaptive preferences or conditioned expectations. If utility is relate...Read more...

December 2004

CASEreport

Aiming High - An evaluation of the potential contribution of Warm Front towards meeting the Government's fuel poverty target in England

Tom Sefton

November 2004

CASE Brookings Census Brief

Minority Ethnic Groups in Britain

Ruth Lupton and Anne Power

November 2004

CASEpaper

Social Mobility, Life Chances, and the Early Years

Jane Waldfogel

It is widely agreed that the early years are a particularly important time for efforts to increase social mobility, because a good deal of inequality is already apparent by the time children start school, and because chi...Read more...

November 2004

CASEpaper

Poverty and Inequality and Social Policy in China

Bingqin Li and David Piachaud

Despite prolonged economic growth, poverty has become a more notable and noted feature of Chinese society. The paper examines three phases of development since the foundation of the People’s Republic: the central plannin...Read more...

November 2004

Econometrics Paper

Efficiency Improvements in Inference on Stationary and Nonstationary Fractional Time Series

Peter M Robinson

We consider a time series model involving a fractional stochastic component, whose integration order can lie in the stationary/invertible or nonstationary regions and be unknown, and additive deterministic component cons...Read more...

November 2004

Economics of Industry Paper

'Inferring Conduct under the Threat of Entry: The Case of the Brazilian Cement Industry.'

Alberto Salvo

Knowledge Disclosure, Patents and Optimal Organization of Research and Development

Sudipto Bhattacharya and Sergei Guriev

We develop a model of two-stage cumulative research and development (R&D), in which one Research Unit (RU) with an innovative idea bargains to license her nonverifiable interim knowledge exclusively to one of two competi...Read more...

September 2004

CASEreport

What We Know about Neighbourhood Change: A literature review

Ruth Lupton and Anne Power

September 2004

CASEreport

LSE Evaluation of the Trafford Hall Making Things Happen Capacity Building Programme 1999-2003

Helen Beck and Liz Richardson

August 2004

CASE Brookings Census Brief

The Growth and Decline of Cities and Regions

Ruth Lupton and Anne Power

July 2004

Development Economics Paper

Intrahousehold Efficiency and Individual Insurance in Ghana

Markus Goldstein

I test a model of Pareto efficient risk sharing within households using consumption data from Ghana. The results reject this model despite showing that individual consumption is not significantly affected by both agricul...Read more...

June 2004

Development Economics Paper

Why So Much Centralization? A Model of Primitive Centripetal Accumulation

Jean-Paul Faguet

With strong conceptual arguments in its favor, decentralization is a popular and growing policy trend across the world. And yet dozens of empirical studies have failed to find convincing evidence that past reforms have w...Read more...

June 2004

International Studies Paper

The Korean Armistice of 1953 and its Consequences - Part II

Rana Mitter and Koji Nakakita

Mitter: China emerged from the Korean War as a more confident actor in the international order. The paper considers three wider contexts within which China's experience of the Korean War should be considered: as part of ...Read more...

June 2004

CASEbrief

A Framework for Housing in the London Thames Gateway: Executive Summary

This CASEbrief is an executive summary of A Framework for Housing in the London Thames Gateway - a 3 volume report by LSE Housing and Enterprise LSE Cities (Anne Power, Liz Richardson, Kelly Seshimo, Kathryn Firth, with ...Read more...

May 2004

CASEpaper

The Impact of Low Income on Child Health: Evidence from a Birth Cohort Study

April 2004

International Studies Paper

On the Periphery of the Russo-Japanese War - Part I

John Chapman and Ian Nish

Chapman: Major defects in British naval intelligence were the absence of an effective central department, an inferior network of naval attachés in major capitals prior to 1902 and the lack of secure direct cable communic...Read more...

April 2004

Economics of Industry Paper

A General Analysis of Sequential Merger Games with an Application to Cross-Border Mergers

Alberto Salvo

This paper seeks to uncover why the pattern of equilibria in sequential merger games of a certain type is similar across a fairly wide class of models much studied in the literature. By developing general conditions char...Read more...

April 2004

Econometrics Paper

Nonparametric Inference for Unbalanced Time Series Data

Oliver Linton

This paper is concerned with the practical problem of conducting inference in a vector time series setting when the data is unbalanced or incomplete. In this case, one can work only with the common sample, to which a sta...Read more...

April 2004

CASEpaper

Employment, Family Union, and Childbearing Decisions in Great Britain

Arnstein Aassve, Simon Burgess, Carol Propper and Matt Dickson

The paper investigates the relationship between work and family life in Britain. Using appropriate statistical techniques we estimate a five-equation model, which includes birth events, union formation, union dissolution...Read more...

April 2004

Theoretical Economics Paper

Firm-Specific Training

Leonardo Felli and Christopher Harris

This paper introduces two complementary models of firm-specific training: an informational model and a productivity-enhancement model. In both models, market provision of firm-specific training is inefficient. However, t...Read more...

April 2004

Econometrics Paper

ROBUST COVARIANCE MATRIX ESTIMATION: 'HAC' Estimates with Long Memory/Antipersistence Correction

Peter M Robinson

Smoothed nonparametric estimates of the spectral density matrix at zero frequency have been widely used in econometric inference, because they can consistently estimate the covariance matrix of a partial sum of a possibl...Read more...

March 2004

Theoretical Economics Paper

AGREEING NOW TO AGREE LATER: Contracts that Rule Out but do not Rule In

Oliver Hart and John Moore

We view a contract as a list of outcomes. Ex ante, the parties commit not to consider outcomes not on the list, i.e., these are 'ruled out'. Ex post, they freely bargain over outcomes on the list, i.e., the contract spec...Read more...

March 2004

Economics of Industry Paper

International Spillovers and Absorptive Capacity: A cross-country, cross-sector analysis based on European patents and citations.

Maria Luisa Mancusi

This paper provides an empirical assessment of the effect of national and international knowledge spillovers on innovation at a finely defined sectoral level for six major industrialised countries over the period 1981-1...Read more...

March 2004

Economics of Industry Paper

Incentives and Invention in Universities

Saul Lach and Mark Schankerman

We show that economic incentives affect the commercial value of inventions generated in universities. Using data for 102 U.S. universities during the period 1991-1999, we find that universities which give higher royalty ...Read more...

March 2004

Theoretical Economics Paper

Public Education for the Minority, Private Education for the Majority

Gilat Levy

Public provision of private goods such as education is usually viewed as a form of redistribution in kind. However, does it arise when income redistribution is feasible as well? In this paper I analyse a two-dimensional ...Read more...

March 2004

CASEpaper

Developing Family Development Accounts in Taipei: Policy innovation from income to assets

Li-Chen Cheng

In July 2000, the Taipei City Government launched an anti-poverty program, Taipei Family Development Accounts, which drew heavily on Sherraden¿s asset-based welfare theory, and was to provide matched savings accounts for...Read more...

March 2004

CASEpaper

Urban Social Exclusion in Transitional China

Bingqin Li

This paper demonstrates that urban social exclusion in China does not only include restricted participation by the ¿underclass¿ in urban life, but also the deprivation of certain political, social and economic rights. In...Read more...

March 2004

Theoretical Economics Paper

Financial Institutions and The Wealth of Nations: Tales of Development

Jian Tong and Chenggang Xu

Interactions between economic development and financial development are studied by looking at the roles of financial institutions in selecting R&D projects (including for both imitation and innovation). Financial develop...Read more...

March 2004

Econometrics Paper

The Distance between Rival Nonstationary Fractional Processes

Peter M Robinson

Asymptotic inference on nonstationary fractional time series models, including cointegrated ones, is proceeding along two routes, determined by alternative definitions of nonstationary processes. We derive bounds for the...Read more...

March 2004

Economics of Industry Paper

The Auto-component Supply Chain in China and India - A Benchmark Study

John Sutton

The aim of this study is to examine the extent to which Chinese and Indian auto-component producers have advanced towards international best practice levels of productivity and quality. The report is based on a survey of...Read more...

February 2004

CASEpaper

Income Dynamics and the Life Cycle

John A. Rigg and Tom Sefton

This paper argues that our understanding of income and poverty dynamics benefits from taking a life cycle perspective. A person¿s age and family circumstances ¿ the factors that shape their life cycle ¿ affect the likeli...Read more...

February 2004

CASEpaper

The Economic Basis of Social Class

John H Goldthorpe and Abigail McKnight

In this paper we adopt a theory of class positions based on employment relations to assess what implications individuals¿ class positions have for their economic life. In particular we consider economic security (the ris...Read more...

February 2004

International Studies Paper

The Korean Armistice of 1953 and its Consequences - Part I

Gordon Daniels and James Hoare

Hoare: Both North and South Korea claim victory in the Korean War. Yet neither makes much of the ending of the war in July 1953, and both have had problems coming to terms with the reality of the war. The reality is that...Read more...

February 2004

CASEpaper

Ethnic Segretation in England's Schools

Simon Burgess and Deborah Wilson

We document ethnic segregation in secondary schools in England in 2001 in order to contribute to the debate on the degree of ethnic group social integration. We use indices of dissimilarity and isolation to compare the p...Read more...

February 2004

CASEpaper

Intergenerational and Life-Course Transmission of Social Exclusion in the 1970 British Cohort Study

Wendy Sigle-Rushton

This study used data from the British Cohort Study to examine the relationships between childhood background experiences and a variety of indicators of adult well-being. Similar to an earlier study that analyses the Nati...Read more...

February 2004

Economics of Industry Paper

Market Share Dynamics and the ‘Persistence of Leadership’ Debate

John Sutton

This paper introduces a novel analysis of the classic “persistence of leadership” question, and applies it to a newly constructed dataset for Japanese manufacturing. The analysis rests on an appeal to an empirical “scali...Read more...

January 2004

Development Economics Paper

Gender Discrimination and Growth: Theory and Evidence from India

Berta Esteve-Volart

Gender inequality is an acute and persistent problem, especially in developing countries. This paper argues that gender discrimination is an inefficient practice. We model gender discrimination as the complete exclusion ...Read more...

January 2004

CASEreport

Sustainable communities and sustainable development: A review of the Sustainable Communities Plan

Anne Power

January 2004

CASEreport

Summary Report of a Think Tank on Low Demand for Housing

Liz Richardson

January 2004

CASEpaper

Neighbourhood Management and the Future of Urban Areas

Anne Power

This paper is about low-income neighbourhoods, their organisation and management. It is not a study in deprivation, but is about problem-solving, about the reforms in delivery underway in Britain, about long run attempts...Read more...

January 2004

CASEpaper

Schools in Disadvantaged Areas: Recognising context and raising quality

Ruth Lupton

Both educational attainment and school quality are typically lower in disadvantaged areas than others and much recent policy attention has been focused on each. This paper looks at the quality problem, exploring the rela...Read more...

January 2004

CASEpaper

Individual Choice and Social Exclusion

Julian Le Grand

Why is social exclusion a problem? What about ¿voluntary¿ social exclusion ¿ when an individual chooses to exclude him or herself from the wider society? Brain Barry has addressed these questions in a recent CASE book, a...Read more...

December 2003

Econometrics Paper

Consistent Testing for Stochastic Dominance under General Sampling Schemes

Oliver Linton, Esfandiar Maasoumi and Yoon-Jae Whang

We propose a procedure for estimating the critical values of the extended Kolmogorov-Smirnov tests of Stochastic Dominance of arbitrary order in the general K-prospect case. We allow for the observations to be serially d...Read more...

December 2003

Argentina's Crises and the Poor, 1995-2002

Guillermo Cruces and Quentin Wodon

This paper documents the impact of Argentina's recent economic crises on different aspects of poverty, with a special focus on the economic collapse of 2002. We discuss the methodology of poverty measurement in Argentina...Read more...

July 2003

Javier Hualde and Peter M Robinson

The semiparametric local Whittle or Gaussian estimate of the long memory parameter is known to have especially nice limiting distributional properties, being asymptotically normal with a limiting variance that is complet...Read more...

February 2003

CASEreport

CASE Annual Report 2002

January 2003

Theoretical Economics Paper

Efficiency and Equilibrium when Preferences are Time-Inconsistent

Erzo G J Luttmer and Thomas Mariotti

We consider an exchange economy with time-inconsistent consumers whose preferences are additively separable. When these consumers trade in a sequence of markets, their time-inconsistency may introduce a non-convexity tha...Read more...

January 2003

Theoretical Economics Paper

Strategic Liquidity Supply and Security Design

Bruno Biais and Thomas Mariotti

We study how securities and trading mechanisms can be designed to optimally mitigate the adverse impact of market imperfections on liquidity. Asset owners seek to obtain liquidity by selling their claims on future cash-f...Read more...

January 2003

Theoretical Economics Paper

Investment Timing under Incomplete Information

Jean-Paul Decamps, Thomas Mariotti and Stephane Villeneuve

We study the decision of when to invest in an indivisible project whose value is perfectly observable but driven by a parameter that is unknown to the decision maker ex ante. This problem is equivalent to an optimal stop...Read more...

January 2003

International Studies Paper

Studies in the Anglo-Japanese Alliance (1902-1923)

Gordon Daniels, Janet Hunter, Ian Nish and David Steeds

Daniels examined British media views of Japan by sampling local and national dailies, with emphasis on The Times and The Economist and magazines like Punch, The Graphic and The Illustrated London News. While the metropol...Read more...

January 2003

Economics of Industry Paper

Research Productivity and Patent Quality: Measurement with Multiple Indicators

Jean O. Lanjouw and Mark Schankerman

We analyse the determinants of the decline in measured research productivity (the patent/R&D ratio)using panel data on manufacturing firms in the U.S. for the period 1980-93. We focus on three factors: the level of deman...Read more...

December 2002

Theoretical Economics Paper

Law Enforcement under Incomplete Law: Theory and Evidence from Financial Market Regulation

Katharina Pistor and Chenggang Xu

This paper studies the design of law-making and law enforcement institutions based on the premise that law is inherently incomplete. Under incomplete law, law enforcement by courts may suffer from deterrence failure, def...Read more...

December 2002

CASEpaper

Changing Poverty Post-1997

David Piachaud and Holly Sutherland

The paper analyses changes in poverty in Britain since 1997. A poverty level of 60 percent of median equivalised income is used. The first part examines the changes that occurred between 1996/7 and 2000/1 as shown by the...Read more...

December 2002

CASEpaper

Recent Changes in the Distribution of the Social Wage

Tom Sefton

This paper examines the distribution of the ¿social wage¿ benefits in kind from welfare services, including the National Health Service, state education, social housing, and personal social services. The current Governme...Read more...

December 2002

DARP Paper

Who Bore the Burden of Wage Arrears in the Kyrgyz Republic?

Ceema Zahra Namazie

Despite large falls in output in the FSU, rather than firing workers, workers were subjected to long spells of unpaid leave or non-payment of wages (wage arrears). Wage arrears is a significant problem in the countries o...Read more...

November 2002

DARP Paper

Early Evidence of Welfare Changes in the Kyrgyz Republic: Have Things Got Worse with Reforms?

Ceema Zahra Namazie

The early 1990s saw the rapid introduction of policies that were to reform the centrally planned economies in CEE and FSU. These policies were expected to lead to improvements in welfare. Studies on the transition projec...Read more...

November 2002

Theoretical Economics Paper

Credit Rationing, Wealth Inequality, and Allocation of Talent

Maitreesh Ghatak, Massimo Morelli and Tomas Sjostrom

We study an economy where agents are heterogeneous in terms of observable wealth and unobservable talent. Adverse selection forces creditors to ask for collateral. We study the two-way interaction between rationing in th...Read more...

October 2002

Theoretical Economics Paper

Modelling the Economic Interaction of Agents with Diverse Abilities to Recognise Equilibrium Patterns

Michele Piccione and Ariel Rubinstein

We model differences among agents in their ability to recognise temporal patterns of prices. Using the concept of DeBruijin sequences in two dynamic models of markets, we demonstrate the existence of equilibria in which ...Read more...

October 2002

Theoretical Economics Paper

The Wrong Kind of Transparency

Andrea Prat

In a model of career concerns for experts, when is the principal hurt from observing more information about her agent? This paper introduces a distinction between information on the consequence of the agent's action and ...Read more...

October 2002

Development Economics Paper

The Role of Freedom, Growth and Religion in the Taste for Revolution

Robert MacCulloch and Silvia Pezzini

A fundamental issue for economists is what determines civil conflict. One unsettled question is the relative importance of political freedoms versus economic development. This paper takes a new approach to provide an ans...Read more...

September 2002

CASEpaper

The Economic Determinants of Truancy

Simon Burgess, Karen Gardiner and Carol Propper

Truancy is often seen as irrational behaviour on the part of school age youth. This paper takes the opposite view and models truancy as the solution to a time allocation problem in which youths derive current returns fro...Read more...

September 2002

CASEpaper

Capital and the Determinants of Poverty and Social Exclusion

David Piachaud

Types of capital which determine the ability of individuals, of communities and of nations to avoid poverty and social exclusion are analysed. This analysis draws on changing explanations of economic growth and the recen...Read more...

September 2002

DARP Paper

Intergenerational Mobility in Britain: Revisiting the Prediction Approach of Dearden, Machin and Reed

Ramses H. Abul Naga and Frank A Cowell

Higher-Order Kernel Semiparametric M-Estimation of Long Memory

Marc Henry and Peter M Robinson

Econometric interest in the possibility of long memory has developed as a flexible alternative to, or compromise between, the usual short memory or unit root prescriptions, for example in the context of modelling cointeg...Read more...

September 2002

Economics of Industry Paper

Product Differentiation and Firm Size Distribution: An Application to Carbonated Soft Drinks

Patrick Paul Walsh and Ciara Whelan

Using brand-level retail data, the firm size distribution in carbonated soft drinks is shown to be an outcome of the degree to which firms have placed brands effectively (store coverage) across vertical (flavour, packagi...Read more...

August 2002

CASEpaper

Tasting Freedom: Happiness, religion and economic transition

Orsolya Lelkes

Economic transition lowered happiness on average, but did not affect all equally. This paper uses Hungarian survey data to study the impact of religion and economic transition on happiness. Religious involvement contribu...Read more...

August 2002

CASEpaper

Smart Growth: The Future of the American Metropolis?

Bruce Katz

In the past few years, widespread frustration with sprawling development patterns has precipitated an explosion in innovative thinking and action across the United States. This new thinking ¿ generally labeled as ¿smart ...Read more...

July 2002

Development Economics Paper

Social Networks and Technology Adoption in Northern Mozambique

Oriana Bandiera and Imran Rasul

Despite their potentially strong impact on poverty, agricultural innovations are often adopted slowly. Using a unique household dataset on sunflower adoption in Mozambique, we analyse whether and how individual adoption ...Read more...

June 2002

Econometrics Paper

More Efficient Kernel Estimation in Nonparametric Regression with Autocorrelated Errors

Raymond J Carroll, Oliver Linton, Enno Mammen and Zhijie Xiao

We propose a modification of kernel time series regression estimators that improves efficiency when the innovation process is autocorrelated. The procedure is based on a pre-whitening transformation of the dependent vari...Read more...

June 2002

CASEbrief

Understanding Social Exclusion

This CASEbrief summarises 'Understanding Social Exclusion' edited by John Hills, Julian Le Grand and David Piachaud, published by Oxford University Press...Read more...

June 2002

CASEpaper

Outsider and Insider Expertise: The response of residents of deprived neighbourhoods to an academic definition of social exclusion

Constraint and Opportunity: Identifying Voluntary Non-Employment

Tania Burchardt and Julian Le Grand

This paper assesses the extent to which the behaviour of an individual is the result of the constraints that he or she faces, or the result of his or her preferences. It concentrates on participation or non-participation...Read more...

April 2002

CASEpaper

Sheer Class? The Extent and Sources of Variation in the UK Graduate Earnings Premium

Robin A. Naylor, Jeremy Smith and Abigail McKnight

In this paper, we use the individual-level USR data for the whole population of 1993 leavers from the ¿old¿ universities of the UK to investigate the determinants of graduate occupational earnings. Among other results, w...Read more...

March 2002

CASEpaper

Measuring Well-Being and Exclusion in Europe's Regions

Kitty Stewart

The Lisbon summit of the European Council in March 2000 declared the number of people living in poverty and social exclusion in the European Union to be unacceptable, and called for steps to tackle the issue, beginning w...Read more...

March 2002

Econometrics Paper

Nonparametric Neutral Network Estimation of Lyapunov Exponents and a Direct Test for Chaos

Oliver Linton and Mototsugu Shintani

This paper derives the asymptotic distribution of nonparametric neural network estimator of the Lyapunov exponent in a noisy system proposed by Nychka et al (1992) and others. Positivity of the Lyapunov exponent is an op...Read more...

March 2002

Econometrics Paper

Consistent Testing for Stochastic Dominance: A Subsampling Approach

Oliver Linton, Esfandiar Maasoumi and Yoon-Jae Whang

We study a very general setting, and propose a procedure for estimating the critical values of the extended Kolmogorov-Smirnov tests of First and Second Order Stochastic Dominance due to McFadden (1989) in the general k-...Read more...

March 2002

Japanese Studies Programme Paper

Business and Politics in Early 20th Century Japan

Masato Kimura and Peter von Staden

The paper by Masato Kimura seeks to clarify the contributions and limitations of Japanese business diplomacy by looking at the business mission to Britain and the US in 1921-22, and the Japanese Economic Mission to Europ...Read more...

March 2002

DARP Paper

Complaints and Inequality, (published in Social Choice and Welfare, vol. 23, (2004), pp. 71-89.

Frank A Cowell and Udo Ebert

Temkin (1986,1993) sets out a philosophical basis for the analysis of income inequality that provides an important alternative to the mainstream welfarist approach. We show that the Temkin principles can be characterised...Read more...

March 2002

DARP Paper

Sensitivity of Inequality Measures to Extreme Values, (published in Journal of Econometrics, vol. 141, (2007), pp. 1044-1072).

Frank A Cowell and Emmanuel Flachaire

We examine the sensitivity of estimates and inequality indices to extreme values, in the sense of their robustness properties and of their statistical performance. We establish that these measures are very sensitive to t...Read more...

March 2002

Development Economics Paper

Can Labour Regulation Hinder Economic Performance? Evidence from India

Timothy Besley and Robin Burgess

This paper investigates whether the industrial relations climate in Indian States has affected the pattern of manufacturing growth in the period 1958-92. We show that pro-worker amendments to the Industrial Disputes Act ...Read more...

February 2002

Development Economics Paper

Is a Friend in Need a Friend Indeed? Inclusion and Exclusion in Mutual Insurance Networks in Southern Ghana

Markus Goldstein, Elisabeth Sadoulet and Alain de Janvry

Mutual insurance has been shown, theoretically and empirically, to be incomplete and limited by asymmetric information and lack of enforcement mechanisms. While some research has shown that networks based on kinship, nei...Read more...

February 2002

CASEpaper

Expanding the Domain of Policy-Relevant Scholarship in the Social Sciences

William Julius Wilson

In this paper the author argues that social scientists need to do more to provide policy-relevant research. Rapid technological and economic change raise new issues about how policy should adjust that are not adequately ...Read more...

February 2002

Theoretical Economics Paper

Unforeseen Contingencies

Nabil J Al-Najjar, Luca Anderlini and Leonardo Felli

We develop a model of unforeseen contingencies. These are contingencies that are understood by economic agents ' their consequences and probabilities are known' but are such that every description of such events necessar...Read more...

February 2002

CASEpaper

Social Exclusion and Children: A European view for a US debate

John Micklewright

The concept of social exclusion has been widely debated in Europe but its application to children has seen relatively little discussion. What could be meant by exclusion of children is the first main theme of the paper. ...Read more...

February 2002

Econometrics Paper

Consistent Order Selection with Strongly Dependent Data and its Application to Efficient Estimation

Javier Hidalgo

Order selection based on criteria by Akaike (1974), AIC, Schwarz (1978), BIC or Hannan and Quinn (1979) HIC is often applied in empirical examples. They have been used in the context of order selection of weakly dependen...Read more...

February 2002

CASEreport

Heroin and Crack Cocaine Markets in Deprived Areas: Seven local case studies

Andrew Wilson, Tiggey May, Hamish Warburton, Ruth Lupton and Paul J Turnbull

January 2002

DARP Paper

Measuring Inequality by Counting 'Complaints': Theory and Empirics, (published in Economics and Philosophy, vol. 19 (2003) pp. 241–263)

Kurt Devooght

This paper examines how people assess inequality of an income distribution and how inequality could be measured. We start from philosophical analysis of L Temkin who distinguishes nine plausible aspects of inequality. Hi...Read more...

January 2002

Economics of Industry Paper

Enforcing Intellectual Property Rights

Jean O. Lanjouw and Mark Schankerman

We study the determinants of patent suits and their outcomes over the period 1978-1999 by linking detailed information from the U.S. patent office, the federal court system, and industry sources. The probability of being...Read more...

December 2001

CASEreport

Talking to Families in Leeds and Sheffield: A report on the first stage of the research

Helen Bowman

Self-Confidence and Survival

Heski Bar-Isaac

We consider the impact of history on the survival of a monopolist selling single units in discrete time periods, whose quality is learned slowly. If the seller learns her own quality at the same rate as customers, a suff...Read more...

October 2001

Development Economics Paper

Does Social Insurance Help Secure Property Rights?

Robert MacCulloch

This paper develops a simple model to show how social insurance affects the desire to revolt against property rights. It then tests for the effect of social insurance on revolt by introducing a panel data set derived fro...Read more...

September 2001

Development Economics Paper

What Makes a Revolution?

Robert MacCulloch

San Francisco: 50 Years On - Part Two

Roger Buckley, Valdo Ferretti, Neville Meaney and Ann Trotter

Buckley describes how Britain took the independent step of recognizing the People's Republic of China, a step which led to problems about China being invited to the San Francisco conference. After China's entry into the ...Read more...

September 2001

Econometrics Paper

Adapting to Unknown Disturbance Autocorrelation in Regression with Long Memory

Javier Hidalgo and Peter M Robinson

We show that it is possible to adapt to nonparametric disturbance auto-correlation in time series regression in the presence of long memory in both regressors and disturbances by using a smoothed nonparametric spectrum e...Read more...

September 2001

Economics of Industry Paper

Quantile Regression in Lower Bound Estimation

Maria Letizia Giorgetti

In this paper, I illustrate the additional information that can be prodivided in estimating the lower bound (Sutton 1991, 1998) by using quantile regression. Quantile regression allows us to invesigate the influence of o...Read more...

September 2001

Economics of Industry Paper

Rich Trades, Scarce Capabilities: Industrial Development Revisited

John Sutton

What economic mechanisms underlie the polarization of the world economy into the 'high wage' industrialized countries and the less developed 'low wage' countries? Should we expect the two groups to converge over time, or...Read more...

September 2001

Economics of Industry Paper

The Variance of Firm Growth Rates: The 'Scaling' Puzzle

John Sutton

Certain recently reported statistical regularities relating to the dispersion of firms' growth rates have begun to attract attention among IO economists. These relationships take the form of power law or scaling relation...Read more...

September 2001

International Studies Paper

San Francisco: 50 Years On - Part One

Sir Hugh Cortazzi, Roger Dingman, Peter Lowe and Kenji Tozawa

Dingman argues that the San Francisco settlement signaled the emergence of a new Pacific maritime order in which the United States Navy is the dominant naval force relying on significant bases in Japan. In particular, he...Read more...

September 2001

CASEpaper

The Future of Social Justice in Britain: A New Mission for the Community Legal Service

Jonas Stein

This paper explores the disjuncture in the New Labour Government between the largest reform in fifty years of the nation's Legal Aid system and the concurrent pursuit of progressive anti-poverty, social inclusion, commun...Read more...

August 2001

DARP Paper

Distributional Dominance with Dirty Data, (published in Journal of Business and Economic Statistics, vol. 24 (2006), pp. 291-300)

Frank A Cowell and Maria-Pia Victoria-Feser

Distributional dominance criteria are commonly applied to draw welfare inferences about comparisons, but conclusions drawn from empirical implementations of dominance criteria may be influenced by data contamination. We ...Read more...

August 2001

Econometrics Paper

Gaussian Estimation of Parametric Spectral Density with Unknown Pole

Liudas Giraitis, Javier Hidalgo and Peter M Robinson

We consider a parametric spectral density with power-law behaviour about a fractional pole at the unknown frequency w. The case of unknown w, especially w = 0, is standard in the long memory literature. When w is unknown...Read more...

August 2001

DARP Paper

Risk and Inequality Perceptions

Yoram Amiel and Frank A Cowell

We examine the relationship between risk analysis and inequality analysis, using a questionnaire-experimental approach .The experiments focus on the effect of income transformations on the perceived rankings of income di...Read more...

July 2001

Econometrics Paper

Determination of Cointegrating Rank in Fractional Systems

Peter M Robinson and Yoshihiro Yajima

This paper develops methods of investigating the existence and extent of cointegration in fractionally integrated systems. We focus on stationary series, with some discussion of extension to nonstationarity. The setting ...Read more...

July 2001

Econometrics Paper

Finite Sample Improvement in Statistical Inference with I(1) Processes

D Marinucci and Peter M Robinson

Robinson and Marinucci (1998) investigated the asymptotic behaviour of a narrow-band semiparametric procedure termed Frequency Domain Least Squares (FDLS) in the broad context of fractional cointegration analysis. Here w...Read more...

July 2001

Econometrics Paper

Narrow-Band Analysis of Nonstationary Processes

D Marinucci and Peter M Robinson

The behaviour of averaged periodograms and cross-periodograms of a broad class of nonstationary processes is studied. The processes include nonstationary ones that are fractional of any order, as well as asymptotically s...Read more...

July 2001

Econometrics Paper

Semiparametric Fractional Cointegration Analysis

D Marinucci and Peter M Robinson

Fractional cointegration is viewed from a semiparametric viewpoint as a narrow-band phenomenon at frequency zero. We study a narrow-band frequency domain least squares estimate of the cointegrating vector, and related se...Read more...

July 2001

CASEpaper

Welfare Reform and Lone Mothers' Employment in the US

Jane Waldfogel, Sandra K. Danziger, Sheldon Danziger and Kristin Seefeldt

The Personal Responsibility and Work Opportunity Reconciliation Act (PRWORA) of 1996 represents a dramatic change in the US welfare state. One of its key goals was to move lone mothers, even those with young children, fr...Read more...

June 2001

DARP Paper

Attitudes towards Risk and Inequality: A Questionnaire-Experimental Approach, (published in Experimental Economics: Financial Markets, Auctions, and Decision Making, Andersson, F. and Holm, H. J. (ed.), Kluwer, Dewenter (2002) Chapter 9, 85-115)

Yoram Amiel and Frank A Cowell

Orderings of income distribution in terms of inequality should be closely related to orderings in terms of risk. Using a novel mult-country questgionnaire experiment we examine the basis for this claim in terms of respon...Read more...

June 2001

Econometrics Paper

A Nonparametric Regression Estimator that Adapts to Error Distribution of Unknown Form

Oliver Linton and Zhijie Xiao

We propose a new estimator for nonparametric regression based on local likelihood estimation using an estimated error score function obtained from the residuals of a preliminary nonparametric regression. We show that our...Read more...

June 2001

Econometrics Paper

Prediction and Signal Extraction of Strong Dependent Processess in the Frequency Domain

Javier Hidalgo and Yoshihiro Yajima

We frequently observe that one of the aims of time series analysts is to predict future values of the data. For weakly dependent data, when the model is known up to a finite set of parameters, its statistical properties ...Read more...

June 2001

DARP Paper

Education, Inequality and Income Inequality

Daniele Checchi

In this paper we propose to measure inequality of educational achievements by constructing a Gini index on educational attainments. We then use the proposed measure to analyse the relationship between inequality in incom...Read more...

May 2001

DARP Paper

Robust Lorenz Curves: A Semiparametric Approach, (published in Journal of Economic Inequality, vol. 5 (2007), pp. 21-37)

Frank A Cowell and Maria-Pia Victoria-Feser

Lorenz curves and second-order dominance criteria are known to be sensitive to data contamination in the right tail of the distribution. We propose two ways of dealing with the problem: (1) Estimate Lorenz curves using p...Read more...

May 2001

Econometrics Paper

Parametric Estimation under Long-Range Dependence

Liudas Giraitis and Peter M Robinson

Parametric estimation is discussed in a variety of models exhibiting long-range dependence....Read more...

May 2001

Econometrics Paper

The Estimation of Conditional Densities

Xiaohong Chen, Oliver Linton and Peter M Robinson

We discuss a number of issues in the smoothed nonparametric estimation of kernel conditional probability density functions for stationary processes. The kernel conditional density estimate is a ratio of joint and margina...Read more...

May 2001

Theoretical Economics Paper

Continuity of the Equilibrium Price Density and its Uses in Peak-Load Pricing

Anthony Horsley and Andrew J Wrobel

With L8 as the commodity space, the equilibrium price density is shown to be a continuous function of the commodity characteristics. The result is based on symmetry ideas from the Hardy-Littlewood-Pólya theory of rearran...Read more...

May 2001

Theoretical Economics Paper

Does Competition Solve the Hold-up Problem?

Leonardo Felli and Kevin Roberts

In an environment in which both buyers and sellers can undertake match specific investments, the presence of market competition for matches may solve hold-up and coordination problems generated by the absence of complete...Read more...

May 2001

CASEbrief

This CASEbrief summarises findings from CASEreport 09, Talking to Families in East London: A report on the first stage of the research, by Katharine Mumford, which can be downloaded at http://sticerd.lse.ac.uk/dps/case/c...Read more...

January 2001

CASEbrief

Sprouting Seeds - Outcomesd from a community-based employment programme

This CASEbrief summarises findings from CASEreport07, Sprouting Seeds - Outcomes from a community-based employment programme, by Helen Evans, which can be downloaded at http://sticerd.lse.ac.uk/dps/case/cr/CASEreport7.pd...Read more...

January 2001

Theoretical Economics Paper

Bounded Rationality and Incomplete Contracts

Luca Anderlini and Leonardo Felli

This paper explores the link between boundedly rational behaviour and incomplete contracts. The bounded rationality of the agents in our world is embodied in a constraint that the contracts they write must be algorithmic...Read more...

December 2000

Econometrics Paper

The Averaged Periodogram for Nonstationary Vector Time Series

D Marinucci and Peter M Robinson

Averaged periodogram; nonstationary processes; fractional Brownian motion....Read more...

December 2000

Development Economics Paper

The Political Economy of Government Responsiveness: Theory and Evidence from India

Timothy Besley and Robin Burgess

Gaps in welfare attainment between boys and girls in China have attracted international attention. In this paper demand analysis is used to try and uncover the factors which may be driving the emergence of the gender gap...Read more...

December 2000

Development Economics Paper

Modernisation and Son Preference

Robin Burgess and Juzhong Zhuang

December 2000

CASEreport

Housing Finance Aspects of the Green Paper

John Hills and Alex Marsh

December 2000

CASEreport

View of the National Strategy for Neighbourhood Renewal

John Hills and Liz Richardson

December 2000

CASEpaper

Satisfaction and Expectations: Attitudes to public services in deprived areas

Bobby Duffy

Based on outcomes for residents and qualitative studies, it is widely thought that public services meet the needs of residents less well in deprived areas, and that this is due to both the demands placed on services bein...Read more...

December 2000

CASEpaper

The Roles of Schooling and Educational Qualifications in the Emergence of Adult Social Exclusion

John Hobcraft

From a detailed analysis of the roles of childhood experience, schooling and educational qualifications in the emergence of adult social exclusion, two key patterns emerge: Educational qualifications show a strong relati...Read more...

December 2000

Theoretical Economics Paper

Strategic Consultation in the Presence of Career Concerns

Gilat Levy

In this paper I analyse the strategic interaction of decision makers and their advisers in a consultation process. I find that when agents are concerned about their reputation, consultation results in sub-optimal sharing...Read more...

November 2000

Theoretical Economics Paper

Efficiency Rents of Pumped-Storage Plants and their Uses for Operation and Investment Decisions

Anthony Horsley and Andrew J Wrobel

We apply duality methods of linear and convex programming to the problems of operation and rental valuation of facilities for conversion and storage of cyclically priced goods, e.g. , energy. Both problems are approached...Read more...

November 2000

International Studies Paper

Aspects of Japan's Recent Relations with Asia

Mutsumi Hirano, Kenji Tozawa and John West

(Weste paper): deals with Japan's return to trading with the countries of Southeast Asia in the early 1950s and the responses of the United States and British governments. (Hirano paper): provides an overall picture of t...Read more...

November 2000

Economics of Industry Paper

Submarkets, Shakeouts and Industry Life-Cycle

Jian Tong

Some recent empirical findings suggest that there are intrinsic links between the statistical regularities regarding cohort survival patterns, the persistence of firm turnover, and shakeout during an industry life-cycle....Read more...

November 2000

Econometrics Paper

Testing of Seasonal Fractional Integration in UK and Japanese Consumption and Income

L A Gil-Alaña and Peter M Robinson

The seasonal structure of quarterly UK and Japanese consumption and income is examined by means of fractionally-based tests proposed by Robinson (1994). These series were analysed from an autoregressive unit root viewpoi...Read more...

November 2000

Econometrics Paper

Whittle Estimation of ARCH Models

Liudas Giraitis and Peter M Robinson

For a class of parametric ARCH models, Whittle estimation based on squared observations is shown to be inconsistent and asymptotically normal. Our conditions require the squares to have short memory autocorrelation, by c...Read more...

November 2000

Development Economics Paper

The Rise of Mass Consumption Societies

Kiminori Matsuyama

This paper develops a model to understand mechanisms behind the rise of mass consumption societies. The development process depicted in the model follows the Flying Geese pattern, in which a series of industries takes of...Read more...

November 2000

DARP Paper

Decomposing Inequality in Greece: Results and Policy Implications

Christos Papatheodorou

This paper investigates the extent to which certain social characteristics and personal attributes could help explain income inequality in Greece. This analysis is quite revealing for understanding and explaining income ...Read more...

November 2000

CASEpaper

Getting Less for More: Economic Evaluation in the Social Welfare Field

Tom Sefton

Economic evaluation has an important role in helping to make decisions about the use of scarce resources in an explicit and rational manner, yet economic evaluation is not well-developed in many areas of social welfare. ...Read more...

November 2000

CASEpaper

US Poverty Studies and Poverty Measurement: The past 25 years

Howard Glennerster

This paper discusses the contribution made by American social scientists to the study of poverty in the past twenty five years. It has three parts. The first concentrates on the measurement of poverty and the fact that t...Read more...

October 2000

Development Economics Paper

Commodity Taxation and Social Welfare: The Generalised Ramsey Rule

David Coady and Jean Drèze

Commodity taxes have three distinct roles: (1) revenue collection, (2) interpersonal redistribution, and (3) resource allocation. The paper presents an integrated treatment of these three concerns in a second-best genera...Read more...

September 2000

Development Economics Paper

Is Child Work Necessary?

Sonia R Bhalotra

This paper investigates why children work by studying the wage elasticity of child labour supply. Incorporating subsistence constraints in to a model of labour supply, we show that a negative wage elasticity favours the ...Read more...

August 2000

Estimating Welfare Indices: Household Weights and Sample Design, (published in Research on Economic Inequality, vol. 9 (2002), pp. 147-172).

Frank A Cowell and Stephen P Jenkins

The techniques of simple random sampling are seldom appropriate in the empirical analysis of income distributions. Various types of weighting schemes are usually required either from the point of view of welfare-economic...Read more...

June 2000

Financial Intermediation, Variability and the Development Process

Luis Carranza and Jose E. Galdon-Sanchez

Homelessness and Vulnerable Young People: A social audit of KeyChange Charity's supported accommodation

Megan Ravenhill

Homelessness is still an ever-present problem in many towns and cities in the UK today. This paper is part of a more in-depth study of homelessness and social exclusion. It presents the results of a small-scale study, wh...Read more...

March 2000

Japanese Studies Programme Paper

Politics and the Economy in Pre-War Japan

Masataka Matsuura and Richard J Smethurst

The paper by Richard J Smethurst discusses the influences that led to the economic policies pursued in the interwar period by Takahashi Korekiyo, who engineered Japan's recovery from the depression in the early 1930s, an...Read more...

February 2000

CASEpaper

The Dynamics of Being Disabled

Tania Burchardt

Government policies on disability - and criticism of them - rest in part on an understanding of the circumstances of disabled people informed by cross-sectional survey data, dividing the population into 'the disabled' an...Read more...

February 2000

CASEpaper

Social Exclusion and the Future of Cities

Anne Power and William Julius Wilson

In both Britain and the United States, people have been moving away from the inner cities to suburban developments, often leaving behind concentrations of poverty and decaying neighbourhoods. Anne Power's paper focuses o...Read more...

February 2000

CASEpaper

Investing in Children: What do we know? What should we do?

Sheldon Danziger and Jane Waldfogel

In 1998, a conference brought together US psychologists, economists, sociologists, demographers, political scientists, social workers, and medical doctors, to review what we know about the processes that affect child dev...Read more...

February 2000

Econometrics Paper

Adaptive Semiparametric Estimation of the Memory Parameter - (Now published with revised title, Adaptive Rate-Optimal Estimation of the Memory Parameter, in 'Journal of Multivariate Analysis, 72 (2000), pp.183-207.)

Liudas Giraitis, Peter M Robinson and Alexander Samarov

January 2000

Econometrics Paper

Contemporaneous Aggregation of GARCH Processes

Paolo Zaffaroni

We study the impact of large cross-sections of contemporaneous aggregation of GARCH processes and of dynamic GARCH factor models. The results crucially depend on the shape of the cross-sectional distribution of the GARCH...Read more...

January 2000

Econometrics Paper

On Intercept Estimation in the Sample Selection Model

Marcia M Schafgans

We provide a proof of the consistency and asymptotic normality of the estimator suggested by Heckman (1990) for the intercept of a semiparametrically estimated sample selection model. The estimator is based on 'identific...Read more...

January 2000

Development Economics Paper

On the Structure of Tenancy contracts: Theory and Evidence fron 19th Century Rural Sicily

Oriana Bandiera

This paper analyses the empirical determinants of contract length, a key and yet neglected dimension of contractual structure. I use data on tenancy agreements signed between 1870 and 1880 in the district of Siracusa, It...Read more...

January 2000

Development Economics Paper

Fertility, Education and Development: Further Evidence from India

Jean Drèze and Mamta Murthi

There has been a significant decline in fertility in many parts of India since the early 1980s. This paper reexamines the determinants of fertility levels and fertility decline, using panel data on Indian districts for 1...Read more...

January 2000

CASEpaper

Low Inequality with Low Redistribution? An analysis of income distribution in Japan, South Korea and Taiwan compared to Britain

Didier Jacobs

This article is a comparative analysis of the sources of income inequality in four countries, namely Japan, South Korea, Taiwan and the United Kingdom. It relies upon decompositions of inequality measures by population g...Read more...

January 2000

Japanese Studies Programme Paper

Aspects of Japanese Shipping History

Peter N Davies and Kunio Katayama

Peter Davies in his paper outlines the major trends in the development of Japan's commercial shipping prior to World War I. The paper focusses in particular on the role played by the Japanese government, arguing that the...Read more...

December 1999

DARP Paper

Statistical Inference for Welfare under Complete and Incomplete Information, (published in Journal of Economic Inequality, vol. 1 (2003), pp. 191-219)

Frank A Cowell and Maria-Pia Victoria-Feser

We show how a collection of results in the literature on the empirical estimation of welfare indicators from sample data can be unified. We also demonstrate how some of these ideas can be extended to empirically importan...Read more...

December 1999

CASEreport

CASE Annual Report 1998/99

John Hills

Neighbourhood Management

Anne Power and Emmet Bergin

The way we run urban neighbourhoods in Britain is a key to reversing social exclusion, crime and poor performance on almost every front in our cities. This study for the Social Exclusion Unit of seven models of neighbour...Read more...

December 1999

CASEpaper

The Family Gap in Pay: Evidence from Seven Industrialised Countries

Susan Harkness and Jane Waldfogel

In this paper we use microdata on employment and earnings from a variety of industrialised countries to investigate the family gap in pay - the differential in hourly wages between women with children and women without c...Read more...

December 1999

International Studies Paper

The Revision of Japan's Early Commercial Treaties.

Nigel Brailey, Sir Hugh Cortazzi, James Hoare and Ayako Hotta-Lister

A joint symposium between the Japan Society and the London School of Economics and Political Science was held in the Suntory and Toyota International Centres for Economics and Related Disciplines on 9 July 1999 to mark t...Read more...

November 1999

CASEreport

Cycling and Social Exclusion

Jake Elster

Efficiency Rents of Storage Plants in Peak-Load Pricing, II: Hydroelectricity

Anthony Horsley and Andrew J Wrobel

Duality methods of linear and convex programming are applied to impute definite marginal values to the fixed inputs of a hydroelectric plant from the operating profit. Our earlier analysis of pumped storage (of energy an...Read more...

October 1999

Theoretical Economics Paper

The Density Form of Equilibrium Prices in Continuous Time and Boiteux's Solution to the Shifting-Peak Problem - (Now published as 'Boiteux's solution to the shifting-peak problem and the equilibrium price density in continuous time', in Economic Theory, vol. 20 (2002), pp.503-537.)

Anthony Horsley and Andrew J Wrobel

Bewley's condition on production sets, imposed to ensure the existence of an equilibrium price density when L? is the commodity space, is weakened to allow applications to continuous-time problems, and especially to peak...Read more...

October 1999

Theoretical Economics Paper

On the Design of Hierarchies: Coordination Versus Specialization

Oliver Hart and John Moore

We develop a model of hierarchies based on the allocation of authority. A firm's owners have ultimate authority over a firm's decisions, but they have limited time or capacity to exercise this authority. Hence owners mus...Read more...

October 1999

International Studies Paper

Reflections on the Allied Occupation of Japan

Sebastian Swann

During a visit from Washington, Dr Sebastian Swann addressed an International/Japanese Studies symposium on 28 April 1999 under the title Reflections on the Allied Occupation of Japan. Dr Swann who has recently been invo...Read more...

October 1999

Econometrics Paper

Studentization in Edgworth Expansions for Estimates of Semiparametric Index Models - (Now published in C Hsiao, K Morimune and J Powell (eds): 'Nonlinear Statistical Modeling' (Festschrift for Takeshi Amemiya), (Cambridge University Press, 2001), pp.197-240.)

Yoshihiko Nishiyama and Peter M Robinson

We establish valid theoretical and empirical Edgeworth expansions for density-weighted averaged derivative estimates of semiparametric index models....Read more...

October 1999

Econometrics Paper

Edgeworth Expansions for Semiparametric Averaged Derivatives - (Now published in 'Econometrica', 68 (2000), pp.931-979.)

Yoshihiko Nishiyama and Peter M Robinson

A valid Edgeworth expansion is established for the limit distribution of density-weighted semiparametric averaged derivative estimates of single index models. The leading term that corrects the normal limit varies in mag...Read more...

October 1999

Economics of Industry Paper

Firm Size Distribution: Testing the 'Independent Submarkets Model' in the Italian Motor Insurance Industry

Luigi Buzzacchi and Tommaso Valletti

This paper tests the presence of multiple independent submarkets in the Italian motor insurance industry. Independence is motivated by administrative boundaries among provinces and by further locational reasons. We find ...Read more...

September 1999

Economics of Industry Paper

Quality Competition, Market Structure and Endogenous Growth

Jian Tong

This paper studies the role of quality competition in endogenous growth and institutional factors which can affect growth through affecting quality competition. The R&D-based growth literature as it stands attributes the...Read more...

September 1999

Development Economics Paper

Public-Private Partnership for the Provision of Public Goods: Theory and an Application to NGOs

Timothy Besley and Maitreesh Ghatak

This paper analyzes the role of public and private responsibility in the provision of public goods. We emphasise that a typical public good will require many different inputs which raises the possibility of partnerships ...Read more...

August 1999

Development Economics Paper

School Participation in Rural India.

Jean Drèze and Geeta Gandhi Kingdon

This paper presents an analysis of the determinant of school participation in rural north India, based on a recent household survey which includes detailed information on school characteristics. School participation espe...Read more...

August 1999

Theoretical Economics Paper

Market Experimentation in a Dynamic Differentiated-Goods Duopoly

Godfrey Keller and Sven Rady

We study the evolution of prices in a symmetric duopoly where firms are uncertain about the degree of product differentiation. Customers sometimes perceive the products as close substitutes, sometimes as highly different...Read more...

July 1999

Economics of Industry Paper

Cartel Stability under Capacity Constraints: The Traditional View Restored

Volker Nocke

The existence of a negative relationship between cartel stability and the level of excess capacity in an industry has for a long time been the dominant view in the traditional IO literature. Recent supergame-theoretic co...Read more...

July 1999

DARP Paper

Estimating the Intergenerational Correlation of Incomes: An Errors in Variables Framework

Ramses H. Abul Naga

The estimation of the intergenerational correlation of incomes is usually carried out by proxying permanent incomes using suitable indicators of economic status, and by treating the resulting measurement error problem us...Read more...

July 1999

CASEpaper

Childhood Poverty, Early Motherhood and Adult Social Exclusion

John Hobcraft and Kathleen E Kiernan

Childhood poverty and early parenthood are both high on the political agenda. The key new issue addressed in this research is the relative importance of childhood poverty and of early motherhood as correlates of outcomes...Read more...

July 1999

Development Economics Paper

Minority Representation and Policy Choices: The Significance of Legislator Identity.

Rohini Pande

Disadvantaged groups tend also to constitute population minorities. One consequence of this is that the policies implemented by electorally accountable governments often fail to reflect minority interests. A policy solut...Read more...

June 1999

Development Economics Paper

Ethnic Diversity, Mobility and School Funding: Theory and Evidence From Kenya

Edward Miguel

This paper explores the relationship between ethnic diversity and local school funding in Kenyan primary schools. The empirical results paint a picture of pervasive local collective action problems in ethnically diverse ...Read more...

June 1999

DARP Paper

Income Inequality Comparisons with Dirty Data: The UK and Spain during the 1980s

Frank A Cowell, Julie Litchfield and Magda Mercader-Prats

Inequality comparisons between countries and over time should take into account problems of data imperfection. We examine the contrasting experience of the UK and spain during the 1980s in terms of the distribution of di...Read more...

June 1999

DARP Paper

Responsibility-Sensitive Fair Compensation in Different Cultures

Kurt Devooght and Erik Schokkaert

Recently many philosophers and social choice theorists have questioned traditional welfare egalitarianism by introducing a notion of responsibility. They propose to distinguish between two sets of individual characterist...Read more...

June 1999

CASEpaper

Income Transfers to the Elderly in East Asia: Testing Asian Values

Huck-ju Kwon

This article examines the role of family and the state in relation to the living standards of the elderly in East Asia. It tries to test whether familial arrangement according to Confucian ethics, which are still taken s...Read more...

June 1999

CASEpaper

The Evolution of Disability Benefits in the UK: Re-weighting the basket

Tania Burchardt

This paper attempts to clarify the significance of reforms to disability benefits proposed by the New Labour government in 1998, by setting them in the context of the development of disability benefits in the early 1970s...Read more...

June 1999

Development Economics Paper

The Economics of Non-Governmental Organisations.

R. Hopkins and C.D. Scott

This CASEbrief summarises findings from CASEbrief summarises findings from CASEpaper 19, The Decline of Employment Among Older People in Britain, by Nigel Campbell, which can be downloaded at http://sticerd.lse.ac.uk/dps...Read more...

February 1999

CASEpaper

Early Childhood Interventions and Outcomes (summarised in CASEreport 5, 'Persistent Poverty and Lifetime Inequality')

Jane Waldfogel

Recent advances in brain research have provided new evidence that early experience matters and have greatly increased interest in the effects of early childhood interventions on outcomes for children. This paper reviews ...Read more...

February 1999

CASEpaper

Welfare in Transition: Trends in Poverty and Well-being in Central Asia

Jane Falkingham

This paper examines the impact of the transition on living standards and welfare in the five Republics of former Soviet Central Asia: Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan, along with the Republ...Read more...

February 1999

Theoretical Economics Paper

Dynamic Voting in Clubs

Kevin Roberts

This paper examines the process and outcomes of democratic decision-making in clubs where a club is defined by their sets of members whose preferences and decisions relate to the set of members in the club: the electorat...Read more...

January 1999

CASEreport

Tackling Difficult Estates: CASE/Social Exclusion Unit Seminar

Liz Richardson

January 1999

CASEpaper

The Decline of Employment Among Older People in Britain

Nigel Campbell

Older men have experienced the largest falls in employment over the last twenty years. Two-fifths of men aged between 55 and 65 are without work, compared to one-fifth in 1979, equivalent to 600,000 fewer jobs. Older wom...Read more...

January 1999

Theoretical Economics Paper

The Property-Rights Theory of the Firm with Endogenous Timing of Asset Purchase

Ben Lockwood and David de Meza

The standard property-rights theory of the firm assumes that prior to investing in human capital, team members meet and negotiate asset ownership. This paper endogenizes the event sequence in a matching model of market e...Read more...

December 1998

Theoretical Economics Paper

Implementation and Renegotiation

Eric Maskin and John Moore

The paper characterises the choice rules that can be implemented when agents are unable to commit themselves not to renegotiate the mechanism....Read more...

December 1998

Econometrics Paper

Testing for the Presence of a Random Walk in Series with Structural Breaks - (Now published in 'Journal of Time Series Analysis', 22 (2001), pp.127-150.)

Fabio Busetti and Andrew C Harvey

The paper considers tests for the presence of a random walk component in a stationary or trend stationary time series and extends them to series which contain structural breaks. The locally best invariant (LBI) test is d...Read more...

December 1998

CASEreport

Welfare Reform: Learning from American Mistakes? Report of a seminar organised by LSE Housing and CASE

John Hills, Geoff Mulgan, David Piachaud and William Julius Wilson

November 1998

CASEreport

CASE Annual Report 1997/98

John Hills

When Work Disappears: New Implications for Race and Urban Poverty in the Global Economy

William Julius Wilson

This paper discusses the impact of growing joblessness and dwindling work opportunities on inner-city areas in America. The lack of low-skilled manual work in the inner city is linked to poverty, crime, family dissolutio...Read more...

November 1998

CASEpaper

Measuring Income Mobility with Dirty Data (published in Ethnic and Racial Studies, 22(3), May 1999)

Frank A Cowell and Christian Schluter

We examine the performance of measures of mobility when allowance is made for the possibility of data contamination. We find that 'single-stage' indices - those that are applied directly to a sample from a multivariate i...Read more...

November 1998

CASEpaper

Intergenerational and Life-Course Transmission of Social Exclusion: Influences and Childhood Poverty, Family Disruption and Contact with the Police

John Hobcraft

This study uses data from the National Child Development Study (NCDS), a longitudinal study of children born in 1958, to examine the following questions. How far is social exclusion and disadvantage transmitted from pare...Read more...

November 1998

Theoretical Economics Paper

Costly Bargaining and Renegotiation

Luca Anderlini and Leonardo Felli

We identify the inefficiencies that arise when negotiation between two parties takes place in the presence of transaction costs. First, for some values of these costs it is efficient to reach an agreement but the unique ...Read more...

October 1998

Theoretical Economics Paper

Costly Coasian Contracts

Luca Anderlini and Leonardo Felli

We identify and investigate the basic 'hold-up problem' which arises whenever each party to a contract has to pay some ex-ante cost for the contract to become feasible. We then proceed to show that, under plausible circu...Read more...

October 1998

Econometrics Paper

Variance-Type Estimation of Long Memory - (Now published in 'Stochastic Processes and their Applications', 29 (1999), pp.1-24.)

Liudas Giraitis and Peter M Robinson

The aggregation procedure when a sample of length N is divided into blocks of length m = o(N), m ? ? and observations in each block are replaced by their sample mean, is widely used in statistical inference. Taqqu, Tever...Read more...

October 1998

Development Economics Paper

Land Reform, Poverty Reduction and Growth: Evidence from India

Timothy Besley and Robin Burgess

In recent times there has been a renewed interest in relationships between redistribution, growth and welfare. Land reforms have been central to strategies to improve the asset base of the poor in developing countries th...Read more...

October 1998

Development Economics Paper

Decentralization Schemes, Cost-Benefit-Analysis, and Net National Product as a Measure of Social Well-Being

Partha Dasgupta and Karl-Goran Maler

This paper is about net national product (NNP). We are concerned with what NNP means, what it should include, what it offers us and, therefore, why we may be interested in it. We show that NNP, properly defined, can be u...Read more...

October 1998

Theoretical Economics Paper

Foundations of Incomplete Contracts

Oliver Hart and John Moore

In the last few years, a new area has emerged in economic theory, which goes under the heading of 'incomplete contracting'. However, almost since its inception, the theory has been under attack for its lack of rigorous f...Read more...

September 1998

Econometrics Paper

Semiparametric Inference in Seasonal and Cyclical Long Memory Processes - (Now published in 'Journal of Time Series Analysis', 21 (2000), pp.1-25.)

Josu Artech and Peter M Robinson

Several semiparametric estimates of the memory parameter in standard long memory time series are now available. They consider only local behaviour of the spectrum near zero frequency, about which the spectrum is symmetri...Read more...

September 1998

Econometrics Paper

Seasonal and Cyclical Long Memory - (Now published in S Ghosh (ed): 'Asymptotics, Nonparametrics and Time Series: A Tribute to Madam Lal Puri (Marcel Decker, 1999), pp.115-145.)

Josu Artech and Peter M Robinson

There has recently been great interest in time series with long memory, namely series whose dependence decays slowly in the sense that autocovariances are not summable and the spectral density is unbounded. This concept ...Read more...

September 1998

Econometrics Paper

Long and Short Memory Conditional Heteroscedasticity in Estimating the Memory Parameter of Levels - (Now published in 'Econometric Theory', 15 (1999), pp.299-336.)

Marc Henry and Peter M Robinson

Semiparametric estimates of long memory seem useful in the analysis of long financial time series because they are consistent under much broader conditions than parametric estimates. However, recent large sample theory f...Read more...

August 1998

CASEpaper

Fathers under Fire: The Revolution in Child Support Enforcement in the USA (This CASEpaper is a summary of the book by the same title and authors, published by the Russel Sage Foundation, 1998)

Irwin Garfinkel, Sara Mclanahan, Daniel Meyer and Judith Seltzer

In the shadow of rising divorce and non-marital birth rates, nearly two-thirds of all American children today will live apart from at least one of their parents, usually the father. Clearly this astonishing proportion of...Read more...

August 1998

CASEpaper

Thatcherism, New Labour and the Welfare State (chapter in 'New Labour: A turning point in British Politics', H Kastgendiek and R Stimshoff (eds), Philo, 1999)

John Hills

This paper examines the extent to which the policies towards the welfare state pursued by the Labour Government in its first fifteen months represent a break with those of its Conservative predecessor and with earlier po...Read more...

August 1998

CASEpaper

Social Exclusion, Social Isolation and the Distribution of Income

Brian Barry

Social exclusion can be distinguished from social isolation, defining social isolation as the phenomenon of non-participation (of an individual or group) in a society's mainstream institutions, while reserving 'social ex...Read more...

August 1998

CASEpaper

Include Me Out? The New Politics of Place and Poverty (published in 'Policy Studies', 21:1, April 2000)

Mark Kleinman

London is being successfully regenerated at present, yet poverty and social exclusion are increasing. The paradox is explained in part by the openness of the London economy and the lack of basic skills of a substantial m...Read more...

August 1998

Theoretical Economics Paper

A Theory of Supervision with Endogenous Transaction Costs

Antoine Faure-Grimaud, Jean-Jacques Laffont and David Martimort

We propose a theory of supervision with endogenous transaction costs. A principal delegates part of his authority to a supervisor who can acquire soft information about an agent's productivity. If the supervisor were ris...Read more...

July 1998

Theoretical Economics Paper

Read My Lips: The Political Economy of Information Transmission

Timothy Besley and Rohini Pande

The paper studies credible information transmission by governments. A group of heterogenous individuals have to make private investment and labour supply decisions while relying on the government for information about in...Read more...

July 1998

International Studies Paper

Aspects of the Russo-Japanese War

Stewart Lone and Philip Towle

On 6 February 1998 a symposium was held in STICERD on Aspects of the Russo-Japanese War at which two papers were presented: 'The Japanese Military during the Russo-Japanese War, 1904-05: A Reconsideration of Command Poli...Read more...

July 1998

Econometrics Paper

Weak Convergence of Multivariate Fractional Processes - (Now published in 'Stochastic Processes and their Applications', 80 (1999), pp.103-120.)

D Marinucci and Peter M Robinson

Weak convergence to a form of fractional Brownian motion is established for a wide class of nonstationary fractionally integrated multivariate processes. Instrumental for the main argument is a result of some independent...Read more...

July 1998

Econometrics Paper

Band Spectrum Regression for Cointegrated Time Series with Long Memory Innovations

D Marinucci

Band spectrum regression is considered for cointegrated time series with long memory innovations. The estimates we advocate are shown to be consistent when cointegrating relationships among stationary variables are inves...Read more...

July 1998

Econometrics Paper

Alternative Forms of Fractional Brownian Motion - (Now published in 'Journal of Statistical Planning and Inference', 80 (1999), pp.111-122.)

D Marinucci and Peter M Robinson

It is pointed out that two contradictory definitions of fractional Brownian motion are well established, one prevailing in the probabilistic literature, the other in the econometric literature. Each is associated with a ...Read more...

July 1998

DARP Paper

Income Mobility: A Robust Approach

Frank A Cowell and Christian Schluter

The performance of two broad classes of mobility indices is examined when allowance is made for the possibility of data contamination. Single-stage indices – those that are applied directly to a sample from a multivariat...Read more...

July 1998

DARP Paper

Measurement of Inequality (published in Handbook of Income Distribution, A B Atkinson and F Bourguignon (eds), 2000)

Frank A Cowell

The analysis of inequality is placed in the context of recent developments in economics and statistics. Prepated for Handbook of Income Distribution, edited by A B Atkinson and F Bourguignon....Read more...

July 1998

DARP Paper

Inequality in Greece: An Analysis by Income Source

Christos Papatheodorou

This paper employs a decomposition analysis of inequality by income source to understand and explain particular aspects of income inequality in Greece. The results suggest that entrepreneurial income is the most signific...Read more...

July 1998

DARP Paper

Happiness in Transition: The Case of Kyrgyzstan

Ceema Zahra Namazie and Peter Sanfey

We analyse self-reported measures of satisfaction with life in a transition country, Kyrgyzstan, using 1993 household survey data. We test whether higher levels of satisfaction are associated with greater economic well-b...Read more...

July 1998

DARP Paper

Education or Inflation? The Roles of Structural Factors and Macroeconomic Instability in Explaining Brazilian Inequality in the 1980s

Francisco H.G. Ferreira and Julie Litchfield

This paper investigates possible explanations for the increases in inequality observed in Brazil during the 1980s. While the static decompositions of inequality by household characteristics reveal that education and race...Read more...

July 1998

CASEreport

New Cycles of Disadvantage? Report of a conference organised by CASE on behalf of ESRC for HM Treasury

John Hills and Anthony Lee

An Economic Model of Household Income Dynamics, with an Application to Poverty Dynamics among American Women

Simon Burgess and Carol Propper

The rise in inequality and poverty is one of the most important economic and social issues in recent times. But in contrast to the literature on individual earnings inequality, there has been little work modelling (as op...Read more...

July 1998

DARP Paper

Statistical Inference for Lorenz Curves with Censored Data

Frank A Cowell and Maria-Pia Victoria-Feser

Lorenz curves and associated tools for ranking income distributions are commonly estimated on the assumption that full, unbiased samples are available. However, it is common to find income and wealth distributions that a...Read more...

June 1998

DARP Paper

The Subjective Approach to the Measurement of Income Inequality (published in Handbook of Income Inequality Measurement, J Silber (ed), Kluwer Academic Publishers (1999), pp.227-241)

Yoram Amiel

Inheritance and the Distribution of Wealth

Frank A Cowell

The theory of functional equations is used to clarify the relationship between equilibrium distributions of wealth and population parameters such as the distribution of families by size, marriage patterns, tax mechanisms...Read more...

May 1998

CASEpaper

The Divorced and Who Divorces? (published as ch.16 in 'Changing Britain: Families and Households in the 1990s', S McRae (ed), OUP, 1999)

Kathleen E Kiernan and Ganka Mueller

The Family Resources Survey was used to identify the characteristics of the divorced population and two longitudinal studies, the British Household Panel Survey (BHPS) and the National Child Development Study (NCDS) were...Read more...

May 1998

Econometrics Paper

Aggregation of Simple Linear Dynamics: Exact Asymptotic Results

Marco Lippi and Paolo Zaffaroni

his paper deal with aggregation of AR(1) micro variables driven by a common and idiosyncratic shock with random coefficients. We provide a rigorous analysis, based on results on sums of r.v.'s with a possibly finite firs...Read more...

April 1998

Investigating Rationality in Wage-Setting

Sonia R Bhalotra

Weakening the Sure-Thing Principle: Decomposable Choice under Uncertainty

Simon Grant, Atsushi Kajii and Ben Polak

Savage motivated his Sure-Thing Principle b y arguing that, whenever an act would be preferred if an event obtains and preferred if an event did not obtain, then it should be preferred overall. The idea that it should be...Read more...

October 1997

Econometrics Paper

Inference-without-Smoothing in the Presence of Nonparametric Autocorrelation - (Now published in 'Econometrica', 66 (1998), pp.1163-1182.)

Peter M Robinson

In a number of econometric models, rules of large-sample inference require a consistent estimate of f(0), where f (?) is the spectral density matrix of yt = ut?xt, for covariance stationary vectors ut, xt. Typically yt i...Read more...

October 1997

CASEpaper

The Legacy of Parental Divorce: Social, economic and demographic experiences in adulthood

Kathleen E Kiernan

This study addresses three questions. Firstly, to what extent does divorce during childhood have long-term consequences for the educational attainment, economic situation, partnership formation and dissolution, and paren...Read more...

October 1997

Development Economics Paper

Credit in Rural India: A Case Study

Jean Drèze, Peter Lanjouw and Naresh Sharma

This paper presents a case study of credit transactions in Palanpur, a north Indian village. Drawing on detailed informtion from all borrowers and lenders in the village, we examine a number of issues related to the func...Read more...

September 1997

Theoretical Economics Paper

A Model of a Predatory State

Boaz Moselle and Ben Polak

We provide a model of a primitive state whose rulers extort taxes for their own ends. This 'predatory' state can result in lower levels of both output and popular welfare than either organized banditry or anarchy. The pr...Read more...

September 1997

Theoretical Economics Paper

Analyzing the Case for Government Intervention in a Representative Democracy

Timothy Besley and Stephen Coate

The welfare economic method for analyzing the case for government intervention is often criticised for ignoring the political determination of policies. The standard method of accounting for this critique studies the cas...Read more...

September 1997

Theoretical Economics Paper

Lobbying and Welfare in a Representative Democracy - (Now published in 'Review of Economic Studies', 68 (2001), pp.67-82.)

Timothy Besley and Stephen Coate

This paper studies the impact of lobbying on political competition and policy outcomes in a framework which integrates the citizen-candidate model of representative democracy with the menu-auction model of lobbying. Posi...Read more...

September 1997

Econometrics Paper

Large-Sample Inference for Nonparametric Regression with Dependent Errors - (Now published in 'Annals of Statistics', 28 (1997), pp.2054-2083.)

Peter M Robinson

A central limit theorem is given for certain weighted sums of a covariance stationary process, assuming it is linear in martingale differences, but without any restriction on its spectrum. We apply the result to kernel n...Read more...

September 1997

WSP Discussion Paper

The Emergence of Lone Motherhood as a Problem in Late Twentieth Century Britain

Hilary Land and Jane Lewis

August 1997

WSP Discussion Paper

Poverty and Family Background in Greece:The Role of Father's Occupation and Education

Christos Papatheodorou

August 1997

Theoretical Economics Paper

Optimal Experimentation in a Changing Environment

Godfrey Keller and Sven Rady

This paper studies optimal experimentation by a monopolist who faces an unknown demand curve subject to random changes, and who maximises profits over an infinite horizon in continuous time. We show that there are two qu...Read more...

July 1997

Econometrics Paper

Beta Convergence

C Michelacci and Paolo Zaffaroni

Unit root in output, an exceptional 2% rate of convergence, and no change in the underlying dynamics of output seems to be three stylized facts that can not go together. This paper extends the Solow-Swan growth model all...Read more...

July 1997

Development Economics Paper

Population, Consumption and Resources: Ethical Issues

Partha Dasgupta

This article is about the concept of optimum population and consumption. Even though it is primarily concerned with foundational issues, the various ideas that have been discussed in the literature are tested in the cont...Read more...

July 1997

Development Economics Paper

The Economics of Food

Partha Dasgupta

In this article I argue that, in contrast to what is implicitly assumed in many popular writings on food security in the future, the interface that connects the problems of population growth, poverty, environmental degra...Read more...

July 1997

WSP Discussion Paper

Categorical Benefits in Welfare States: Findings from Britain and Israel. Now published in International Social Security Review, 51(1), 1998

John Gal

June 1997

WSP Discussion Paper

Minimum Pensions and Safety Nets in Old Age: A Comparative Analysis

Martin Evans and Jane Falkingham

June 1997

Theoretical Economics Paper

Incentives, Scale Economies, and Organizational Form - (Now published in 'Economics of Transition' (2201)).

Eric Maskin, Yingyi Qian and Chenggang Xu

We model organization as the command-and-communication network of managers erected on top of technology (which is modelled as a collection of plants). In our framework, the role of a manager is to deal with shocks that a...Read more...

June 1997

International Studies Paper

International Banking in the China Market Before the Second World War

Shizuya Nishimura and Ayumu Yasutomi

Professor Nishimura examines the role of British banks in promoting Chinese trade and, more broadly, the relationship between foreign banks and traditional Chinese banking institutions in modernizing the local economy. D...Read more...

June 1997

Economics of Industry Paper

Price Competition and Market Structure: The Impact of Restrictive Practices Legislation on Concentration in the UK (Revised version pubished in Journal of Industrial Economics, vol.48 (March 2000), pp.1-26)

George Symeonidis

This paper examines the impact of firms' conduct on market structure. It studies the evolution of concentration in UK manufacturing following the abolition of cartels using a theoretical framework based on Sutton's theor...Read more...

June 1997

Economics of Industry Paper

Cartel Policy, Non-Price Competition and Market Structure: Theory and Evidence from the UK (Revised version published in Economica, vol.67 (August 2000), pp.437-456)

George Symeonidis

This paper examines the impact of price competition on advertising/R&D expenditure and market structure. General theoretical results are derived which restrict the space of possible outcomes regarding the behaviour of co...Read more...

June 1997

Econometrics Paper

Gaussian Estimation of Long-Range Dependent Volatility in Asset Prices

Paolo Zaffaroni

Asset returns have a very complicated dynamic pattern. Yet they display regularity across different assets and periods. We consider a new family of volatility models which account for such patterns, focussing in particul...Read more...

May 1997

Econometrics Paper

The Method of Simulated Scores for the Estimation of LDV Models

V A Hajivassiliou and DL McFadden

The method of simulated scores (MSS) is presented for estimating limited dependent variables models (LDV) with flexible correlation structure in the unobservables. We propose simulators that are continuous in the unknown...Read more...

May 1997

Development Economics Paper

What's the Point of a Development Strategy?

Amartya Sen

Standard indicators of economic success leave out many aspects of development that are crucial to the well-being and freedom of citizens. We have to examine critically the ends as well as the means involved in developmen...Read more...

April 1997

DARP Paper

On the Performance of Social Benefit Systems

Christian Schluter

The paper analyses the performance of unemployment benefit systems in a search-theoretic framework. The criteria of evaluation comprise the alleviation of poverty and the reduction in income inequality, whilst the divers...Read more...

April 1997

DARP Paper

On the Non-Stationarity of German Income Mobility (and some observations on poverty dynamics)

Christian Schluter

The intra-distributional mobility of German income dynamics is analysed using GSOEP. Transition probabilities are found to be time-varying. The tested models comprise various mixed Markov chains in discrete time and a no...Read more...

April 1997

DARP Paper

Equivalence of Scales and Inequality (published in Income Inequality Measurement: From Theory to Practice, J Silber (ed), Dewenter: Kluwer (1999)

Frank A Cowell and Magda Mercader-Prats

Instead of Inequality analysis sometimes neglects the problem of allowing differences in people's non-income characteristics in the comparison of income distribution, I would say, At the heart of any distributional analy...Read more...

April 1997

DARP Paper

Inequality, Welfare and Monotonicity

Yoram Amiel and Frank A Cowell

We establish a general relationship between the standard form of the individualistic social-welfare function and the ?reduced-form? version that is expressed in terms of inequality and mean income. This shows the relatio...Read more...

April 1997

WSP Discussion Paper

Stability of Estimates of the Compensationfor Danger

Reza Arabsheibani and A Marin

March 1997

Economics of Industry Paper

Diversification and Synergies: Effects on Profitability

Magda Bianco

This paper addresses the questions of the effects of diversification strategies on firms' profitability. Empirical analyses do not seem to confirm the hypothesis that diversification is the optimal response to the presen...Read more...

March 1997

Econometrics Paper

Semiparametric Estimation of a Sample Selection Model: A Simulation Study

Marcia M Schafgans

Standard approaches to the estimation of sample selection models are known to be inconsistent under non-normality. In particular, this paper considers the two-step Heckman (1976, 1979) estimator of the interecept of the ...Read more...

March 1997

Econometrics Paper

Testing Game-Theoretic Models of Price Fixing Behaviour

V A Hajivassiliou

This paper analyses price fixing by the Joint Executive Committee railroad cartel from 1880 to 1886 and develops tests of two game-theoretic models of tacit collusion. The first model, due to Abreu, Pearce and Stacchetti...Read more...

March 1997

Econometrics Paper

Gender Wage Differences in Malaysia: Parametric and Semiparametric Estimation

Marcia M Schafgans

This paper is an empirical study on the labor force in (Peninsular) Malaysia. It applies both parametric and semiparametric sample selection methods to the estimation of wage equations. These equations are then used to a...Read more...

March 1997

Econometrics Paper

Messy Time Series: A Unified Approach - (Now published in 'Advances in Econometrics', 13 (1998)pp.103-143.)

Andrew C Harvey, Siem Jan Koopman and J Penzer

Many series are subject to data irregularities such as missing values, outliers, structural breaks and irregular spacing. Data can also be messy, and hence difficult to handle by standard procedures, when they are intrin...Read more...

March 1997

Development Economics Paper

Development and Thinking at the Beginning of the 21st Century

Amartya Sen

There has been a shift, in recent years, in the understanding of the process of development. It is not a switch (as often portrayed) from a state-dependent view of development to a market-reliant view. Rather, it involve...Read more...

March 1997

WSP Discussion Paper

What Price Security? Assessing Private Insurance for Long-Term Care, Income Replacement During Incapacity, and Unemployment for Mortgagors

Tania Burchardt

February 1997

International Studies Paper

Japan in the 1950s

Valdo Ferretti, Peter Lowe and Ian Nish

As Japan entered the 1950s, she was still under allied (mainly, but not exclusively, American) military occupation. The occupation had gone relatively well and the allies were ready to negotiate an early peace treaty. Th...Read more...

February 1997

Econometrics Paper

Rate Optimal Semiparametric Estimation of the Memory Parameter of the Gaussian Time Serieswith Long-Range Dependence - (Now published in 'Journal of Time Series Analysis', 18 (1997), pp.49-60.)

Liudas Giraitis, Peter M Robinson and Alexander Samarov

There exist several estimators of the memory parameter in long-memory time series models with mean µ and the spectrum specified only locally near zero frequency. In this paper we give a lower bound for the rate of conver...Read more...

February 1997

Theoretical Economics Paper

Default and Renegotiation: A Dynamic Model of Debt

Oliver Hart and John Moore

We analyse the role of debt in persuading an entrepreneur to pay out cash flows, rather than to divert them. In the first part of the paper we study the optimal debt contract - specifically, the trade-off between the siz...Read more...

January 1997

Econometrics Paper

Time Series Regression with Long Range Dependence - (Now published in 'Annals of Statistics', 25, (1997)pp.2054-2083.)

Javier Hidalgo and Peter M Robinson

A general limit theorem is established for time series regression estimates which include generalized least squares, in the presence of long range dependence in both errors and stochastic regressors. The setting and resu...Read more...

January 1997

Econometrics Paper

Nonlinear Time Series with Long Memory: A Model for Stochastic Volatility - (Now published in 'Journal of Statistical Planning and Inference', 68 (1998), pp.359-371.)

Peter M Robinson and Paolo Zaffaroni

We introduce a nonlinear model of stochastic volatility within the class of ?product type? models. It allows different degrees of dependence for the ?raw? series and for the ?squared? series, for instance implying weak d...Read more...

January 1997

Econometrics Paper

Modelling Nonlinearity and Long Memory in Time Series - (Now published in 'Nonlinear Dynamics and Time Series', C D Cutler and D T Kaplan (eds), Fields Institute Communications, 11 (1997), pp.61-170.)

Peter M Robinson and Paolo Zaffaroni

We discuss models that impart a form of long memory in raw time series xt or instantaneous functions thereof, in particular . on the basis of a linear or nonlinear model. The capacity of linear models for xt to imply lon...Read more...

January 1997

Development Economics Paper

Does the Labour Market Explain Lower Female Schooling in India?

Geeta Gandhi Kingdon

Labour market discrimination against women and parental discrimination against daughters are two of the most commonly cited explanations of the gender gap in education in developing countries. This study empirically test...Read more...

January 1997

DARP Paper

Income Transformation and Income Inequality (published in Advances in Econometrics, Income Distribution & Scientific Methodology: Essays in Honour of Camilo Dagum, Daniel Slottje (ed)(Physica Verlag, 1999, pp.209-232)

Yoram Amiel and Frank A Cowell

We examine the way in which across-the-board additions to incomes are perceived to change inequality. Using a questionnaire we investigate whether subjective inequality rankings correspond to the principle of scale-indep...Read more...

January 1997

Econometrics Paper

Autocorrelation-Robust Inference - (Now published in 'Handbook of Statistics', vol.15, G S Maddala and C R Rao (eds), Elsevier Science Publishers BV (1997), pp.267-298.)

Peter M Robinson and Carlos Velasco

We consider statistical inference in the presence of serial dependence. The main focus is on use of statistics that are constructed as if no dependence were believed present, and are asymptotically normal in the presence...Read more...

December 1996

Econometrics Paper

Testing of Unit Root and Other Nonstationary Hypotheses in Macroeconomic Time Series - (Now published in 'Journal of Econometrics', 80, 1997, pp.241-268.)

L A Gil-Alaña and Peter M Robinson

Recently proposed tests for unit root and other nonstationarity of Robinson (1994a) are applied to an extended version of the data set used by Nelson and Plosser (1982). Unusually, the tests are efficient (against approp...Read more...

December 1996

WSP Discussion Paper

Student Loans: Where are we now? Repayment Rates for Student Loans: Some sensitivity tests

Nicholas Barr, Iain Crawford and Jane Falkingham

November 1996

WSP Discussion Paper

Caring for the Very Old: Public and Private Solutions

Howard Glennerster

October 1996

WSP Discussion Paper

A Place for Fathers: Fathers and social policy in the post-war period

Sophie Sarre

October 1996

WSP Discussion Paper

What do we expect Lone Mothers to do? Competing agendas for welfare reform in the United States

Jane Waldfogel

October 1996

Theoretical Economics Paper

Bilateral Search and Vertical Heterogeneity

Jan Eeckhout

The Two-Sided Perfect Matching model is generalised to an Imperfect Matching model with search frictions. A search model is proposed which is characterised by bilateral search and vertical heterogeneity and allows for a ...Read more...

October 1996

Theoretical Economics Paper

Costly Contingent Contracts

Luca Anderlini and Leonardo Felli

We identify and investigate the basic ?hold-up? problem which arises whenever each party to a contingent contract has to pay some ex-ante cost for the contract to become feasible. We then proceed to show that, under plau...Read more...

October 1996

Theoretical Economics Paper

A New Bankruptcy Procedure that Uses Multiple Auctions - (Now published in 'European Economics Review', vol.41(3/5), 1997, pp.461-473.)

Oliver Hart, R La Porta Drago, F Lopez-de-Silanes and John Moore

We propose a new bankruptcy procedure that makes use of multiple auctions. The procedure is designed to work even when capital markets do not function well (for example, in developing economies, or in economies in transi...Read more...

October 1996

Economics of Industry Paper

Game Theoretical Models of Market Structure

John Sutton

This paper reviews the recent literature on game-theoretic models of market structure and their empirical implementation....Read more...

October 1996

Economics of Industry Paper

Gibrat's Legacy

John Sutton

This paper traces the time series (?Growth of Firms?) tradition in the study of market structure and looks at how recent studies on entry and the size distribution of firms have modified thinking in this area....Read more...

October 1996

Economics of Industry Paper

Product Differentiation, Uncertainty and the Stability of Collusion

Michael A. Raith

The conventional view that product heterogeneity limits the scope for collusion among oligolpolists has been challenged in recent theoretical work. This paper provides an argument in support of the conventional view by e...Read more...

October 1996

DARP Paper

Estimation of Inequality Indices, (published in Income Inequality Measurement:From Theory to Practice, J Silber (ed), Dewenter: Kluwer 1999)

Frank A Cowell

Inequality measures are powerful tools of applied welfare analysis. However, to use the tools effectively one has to take into account the characteristics of the data with which one usually has to work. These raise a num...Read more...

October 1996

Theoretical Economics Paper

Friendships in Vertical Relations - (Now published under the title 'Renegotiation and Collusion in Organisations', in 'Journal of Economics and Management Strategy', 9(4)(Winter 2001), pp.453-483.)

Leonardo Felli and J M Villas-Boas

It has been argued that collusion among the members of an organization or a vertical structure creates efficiency losses, and hence should be prevented. This paper shows that whenever collusion takes the form of co-insur...Read more...

September 1996

DARP Paper

Workers or Employers: Who is Shaping Wage Inequality in Portugal?

Ana Rute Cardosa

An extensive micro data set matching firms, establishments and their employees, is used to study the determinants of earnings inequality in Portugal and its evolution from 1983 to 1992, with the Theil index, its decompos...Read more...

August 1996

DARP Paper

Growing Apart: Inequality and Poverty Trends in Brazil in the 1980s

Francisco H.G. Ferreira and Julie Litchfield

This paper analyses the evolution of inequality and poverty in Brazil during the 1980s, using a large repeated cross-section household survey data set. We calculate standard scalar measures of inequality and poverty, tog...Read more...

August 1996

WSP Discussion Paper

Alternatives to Fundholding. Now published in International Journal of Health Services, 28(1),(1988),pp.47-66

Virginia Bovell, Anna Cohen and Howard Glennerster

July 1996

WSP Discussion Paper

The Wages of Motherhood: Better or Worse? Now published in Cambridge Journal of Economics, Vol.23, No.5 (September 1999) pp.543-564

Heather Joshi, Pierella Paci and Jane Waldfogel

July 1996

International Studies Paper

The Navy in Interwar Japan

Kiyoshi Aizawa and Tadashi Kuramatsu

At a symposium held at the Suntory Centre on 4 July 1996 Professor Aizawa gave a paper on 'The Tripartite Pact and the Japanese Navy's Strategy' and Mr Kuramatsu read his paper on 'Japan and the Geneva Naval Conference o...Read more...

July 1996

Theoretical Economics Paper

The Optimal Consumption Function in a Brownian Model of Accumulation, Part B: Existence of Solutions of Boundary Value Problems

Lucien Foldes

In Part A of the present study, subtitled The Consumption Function as Solution of a Boundary Value Problem, Discussion Paper No. TE/96/297, STICERD, London School of Economics, we formulated a Brownian model of accumulat...Read more...

June 1996

DARP Paper

Modelling Income Distribution in Spain: A Robust Parametric Approach

Mercedes Prieto Alaiz and Maria-Pia Victoria-Feser

This paper presents a robust estimation of two income distribution models using Spanish data for the period 1990-91 under three different concepts of income. The effect on the estimates of the Theil index due to the choi...Read more...

June 1996

DARP Paper

Robust Estimation of Income Distribution Models with Grouped Data, (revised version published in the Journal of the American Statistical Association 92 (1997), pp. 333-340)

Elvezio Ronchetti and Maria-Pia Victoria-Feser

An important aspect of income distribution is the modelling of the data using an appropriate parametric model. This involves estimating the parameters of the models, given the data at hand. Income data are typically in g...Read more...

June 1996

WSP Discussion Paper

Price and Competition in the NHS Internal Market in GP Fundholer Procedures

Carol Propper and Deborah Wilson

May 1996

WSP Discussion Paper

Housing Benefit Problems and Dilemmas: What can we learn from France and Germany?

Martin Evans

April 1996

WSP Discussion Paper

Families on the Dole in Britain, France and Germany

Martin Evans

April 1996

WSP Discussion Paper

Means-testing the Unemployed in Britain, France and Germany

Martin Evans

April 1996

International Studies Paper

Hong Kong and the People's Republic of China

John Y Wong and Michael B Yahuda

The scheduled return of Hong Kong to Chinese rule in 1997 has generated considerable debate regarding its future, and its implications for the P.R.C.'s relationship with other territories claimed as part of China. At a s...Read more...

April 1996

Theoretical Economics Paper

The Optimal Consumption Function in a Brownian Model of Accumulation Part A: The Consumption Function as Solution of a Boundary Value Problem

Lucien Foldes

We consider a neo-classical model of optimal economic growth with c.r.r.a. utility in which the traditional deterministic trends representing population growth, technological progress, depreciation and impatience are rep...Read more...

March 1996

Econometrics Paper

Testing for a Slowly Changing Level with Special Reference to Stochastic Volatility - (Now published in 'Journal of Econometrics', 87 (1998), pp.167-189.)

Andrew C Harvey and Mariane Streibel

A test for the presence of a stationary first-order autoregressive process embedded in white noise is constructed so as to be relatively powerful when the autoregressive parameter is close to one. This is done by setting...Read more...

March 1996

Econometrics Paper

Multivariate Structural Time Series Models - (Now published in 'System Dynamics in Economic and Financial Models', CHeij, H Schumacher, B Hanzon and C Praagman (eds.) John Wiley & Sons, Chichester (1997), pp.269-298.)

Andrew C Harvey and Siem Jan Koopman

Much of economic analysis presupposes that certain economic time series can be decomposed into trends and cycles. Structural time series models are explicitly set up in terms of such unobserved components. This paper set...Read more...

March 1996

DARP Paper

Choosing Between Two Income Distribution Models with Contaminated Data, (revised version published in the Journal of the Royal Statistical Society, Serie B, 15 (1997), pp. 715-727)

Maria-Pia Victoria-Feser

Choosing between two income distribution models typically involves testing two non-tested hypotheses, that is hypotheses such that one cannot be obtained as a special or limiting case of the other. Cox (1961, 1962) propo...Read more...

March 1996

DARP Paper

Family Instability, Family Incomes and Inequality

Frank A Cowell

When families reform there are implications for the income distribution through a number of economic mechanisms: income sharing, changes in household need, reweighting the distribution. These changes are distinct from th...Read more...

March 1996

DARP Paper

Income Mobility in Germany: Evidence from Panel Data

Christian Schluter

Using the GSOEP the paper analyses income mobility and inequality dynamics in Germany in the 90s at various levels of aggregation, ranging from a direct modelling of intra-distributional mobility using bivariate kernel d...Read more...

March 1996

DARP Paper

Income Distribution and Inequality in Germany: Evidence from Panel Data

Christian Schluter

Non-parametric kernel density estimates are employed for an exploratory analysis of the distributional conseuqnces of the German tax-benefit system using GSOEP. The focuses is on the year 1991 and a detailed analysis is ...Read more...

March 1996

DARP Paper

Income Distribution in Brazil 1981-1990: Parametric and Non-Parametric Approaches

Frank A Cowell, Francisco H.G. Ferreira and Julie Litchfield

Using a newly available comprehensive micro-data set we examine changes in the shape of the Brazilian income distribution during the 'lost decade' of the 1980s. We adopt alternative parametric and non-parametric approach...Read more...

March 1996

Econometrics Paper

Nonparametric Estimation with Strongly Dependent Multivariate Time-Series - (Now published in 'Journal of Time Series Analysis',18 (1997)pp.95-122.)

Javier Hidalgo

Smooth nonparametric kernel density and regression estimators are studied when the data is strongly dependent. In particular, we derive Central (and Noncentral) Limit Theorems for the kernel density estimator of a multiv...Read more...

February 1996

Econometrics Paper

Spectral Analysis for Bivariate Time Series with Long Memory - (Now published in 'Econometric Theory',12 (1997)pp.773-792.)

Javier Hidalgo

This paper provides limit theorems for special density matrix estimators and functionals of it for a bivariate co variance stationary process whose spectral density matrix has singularities not only at the origin but pos...Read more...

February 1996

DARP Paper

Poverty Dynamics in Spain: A study of transitions in the 1990s

Olga Cantó-Sánchez

Even if individuals care about their current economic status, they are mainly concerned about the time they remain in it (its duration). The expected duration of an economic status affects how individuals perceive it and...Read more...

February 1996

WSP Discussion Paper

Comparing Poverty in France and theUnited Kingdom (in The Distribution of Welfare and Household Production, S Jenkins, A Kapteyn and B van Praag (eds.) (1996), Cambridge University Press)

Anthony B. Atkinson, Karen Gardiner, Valérie Lechêne and Holly Sutherland

January 1996

Theoretical Economics Paper

Competition, Investment and Vertical Integration

Gilles Chemla

This paper analyses the impact of competition among downstream firms on a supplier's investment and on her incentive to vertically integrate. We argue that tougher competition decreases the downstream industry profit, bu...Read more...

1996

Theoretical Economics Paper

Building Trust

Saikat Datta

In this paper we show slow trust building in social relationships in a model of complete information. This model is in contrast to the asymmetric information settings in 'reputation' models of slow trust building. We loo...Read more...

January 1996

Theoretical Economics Paper

On Connections Between Renegotiation Proof Sets of Long Finitely and Infinitely Repeated Games with Low Discounting

Saikat Datta

This paper looks at connections between Renegotiation Proof Equilibrium sets for finitely and infinitely repeated games. We look at the Benoit and Krishna (1993) definition of renegotiation proof sets for discounted fini...Read more...

1996

Theoretical Economics Paper

Preventing Collusion Through Discretion

Leonardo Felli

Large public bureaucracies are usually less efficient than modern private corporations. This paper explains how the degree of discretionary power might account for this difference in efficiency. In fact, increasing the d...Read more...

1996

Theoretical Economics Paper

Comparative Statics for a Partial Equilibrium Model of Investment with Wicksell-Complementary Capital Inputs

Anthony Horsley and Andrew J Wrobel

A partial competitive equilibrium model is set up for the determination of profit-maximising investment in a production technique which has constant returns to scale itself, but at least one of its inputs has an increasi...Read more...

1996

Theoretical Economics Paper

Efficiency Rents of Storage Plants in Peak-Load Pricing, I: Pumped Storage

Anthony Horsley and Andrew J Wrobel

Programming methods are given for rental valuation of storage and conversion facilities in cyclical, continuous-time pricing problems, e.g. pumped storage of electricity. By identifying the points of differentiability of...Read more...

1996

Theoretical Economics Paper

Uninterruptible Consumption, Concentrated Charges, and Equilibrium in the Commodity Space of Continuous Functions

Anthony Horsley and Andrew J Wrobel

Many consumption/production processes cannot be interrupted without significant loss of utility/ouput. In continuous-time equilibrium analysis, the structure of the demand for flows that results can lead to prices contai...Read more...

1996

Theoretical Economics Paper

The Wong-Viner Envelope Theorem or Nonsmooth Joint Costs, Rental Valuation and the Short-Run Approach to Long-Run Equilibrium

Anthony Horsley and Andrew J Wrobel

The standard Wong-Viner envelope theorem is of little use in the context of production with multiple outputs because the differentiability assumptions its builds on are so severely restrictive that even the simplest of a...Read more...

1996

Theoretical Economics Paper

The Le Chatelier Principle can be 'Expected' to Hold Globally: Implications of Rationality in Constrained and Unconstrained Situations - (Now published in 'Journal of Economic Theory', 87 (1999), pp.416-428.)

Kevin Roberts

Although conditions that exhaust the implications of rationality (homogeneity, symmetry, definiteness) are well known, these apply under a single set of constraints. If a situation can be compared with another situation ...Read more...

1996

Theoretical Economics Paper

Bargaining and Sharing Knowledge

Sudipto Bhattacharya, L-A Gérard-Varet and Claude d'Aspremont

We consider the problem of bargaining over the disclosure of interim research knowledge, between two participants in a R & D race or contest, for an ultimate, patentable invention. Licensing fee schedules, as functions o...Read more...

1996

Theoretical Economics Paper

The Governance of Exchanges: Members' Co-operatives Versus Outside Ownership

Oliver Hart and John Moore

The paper compares co-operative governance structure to outside ownership. The distinction between the two lies in who has residual rights of control. It is found that a co-operative becomes relatively less efficient as ...Read more...

1996

International Studies Paper

The Allied Occupation of Japan in Retrospect

Chris Aldous and Richard B Finn

1995 was the fiftieth anniversary of the start of the Allied Occupation of Japan which lasted until 1952 and was a significant period in Japan's history. In order to make an assessment of the occupation a symposium under...Read more...

1996

Economics of Industry Paper

Optimal Patent Renewals

Francesca Cornelli and Mark Schankerman

When firms have different R&D productivities, it may be welfare increasing to differentiate patent lives across inventions. The reason is that the uniform patent life provides excessive incentives to do R&D to the low pr...Read more...

January 1996

DARP Paper

Welfare Judgements in the Presence Contaminated Data, (published in Econometrica, vol. 70 (2002), pp. 1221-1233)

Frank A Cowell and Maria-Pia Victoria-Feser

The economic analysis of income distribution and related topics makes extensive use of dominance criteria to draw inferences about welfare comparisons. However it is possible that - just as some inequality statistics can...Read more...

January 1996

DARP Paper

Distributional Orderings and the Transfer Principle: A Re-Examination (Now published in Research on Economic Inequality, vol.8 (1998), pp.195-215)

Yoram Amiel and Frank A Cowell

We examine the specification and interpretation of the transfer principle in analysing income distributions. The early work by Pigou and Dalton on this topic left open the possibility of a variety of specifications and i...Read more...

January 1996

Economics of Industry Paper

One Smart Agent

John Sutton

This paper proposes an equilibrium concept for a class of games in which players make irreversible costly decisions; these games have been widely used in the recent I.O. literature. The equilibrium concept is defined, no...Read more...

December 1995

Economics of Industry Paper

The Size Distribution of Businesses, Part II

John Sutton

This paper specifies and estimates a production function for the airline industry, identifying firms? network characteristics and efficiency as the main determinants of their productivity. The application of this analysi...Read more...

December 1995

Economics of Industry Paper

The Size Distribution of Businesses, Part I: A Benchmark Case

John Sutton

This paper examines the evolution of a skew distribution of firm sizes from the viewpoint of the ?Bounds? approach to market structure. It confines attention to the role played by non-strategic factors (statistical indep...Read more...

December 1995

Economics of Industry Paper

The Remains of Regulation: Airlines' Profits After Liberalization

Pedro L Marin

This paper develops an empirical model of entry to analyze the effect of previous regulation on European airlines? post-liberalization profits. The author distinguishes between European flag carriers, which are hightly r...Read more...

December 1995

Economics of Industry Paper

Productivity Differences in the Airline Industry: Partial Deregulation Versus Short-Run Protection

Pedro L Marin

The paper specifies and estimates a production function for the airline industry, identifying firms' network characteristics and efficiency as the main determinants of their productivity. The application of this analysis...Read more...

December 1995

WSP Discussion Paper

Becoming a Parent in Europe

John Hobcraft and Kathleen E Kiernan

October 1995

Econometrics Paper

Aggregate and Regional Disagggregate Fluctuations (Now published in Empirical Economics (1996), vol.21, no.1, pp.137-159.)

Danny Quah

This paper models fluctuations in regional disaggregates as a nonstationary, dynamically evolving distribution. Doing so enables study of the dynamics of aggregate fluctuations jointly with those of the rich cross-sectio...Read more...

August 1995

DARP Paper

Public Pension Reform, Demographics ,and Inequality

Robert K von Weizsäcker

Starting from a simple, descriptive model of individual income, an explicit link between the age composition of a population and the personal distribution of incomes is established. Demographic effects on income inequali...Read more...

June 1995

Theoretical Economics Paper

Reputation and Allocation of Ownership

Maija Halonen

We show that allocation of ownership matters even in a long-term relationship where problems of opportunism are less severe unless agents are very patient. Ownership structure is chosen to give the agents best incentives...Read more...

May 1995

DARP Paper

The Allocation of Benefits underUncertainty: A Decision-Theoretic Framework

Ramses H. Abul Naga

We consider the problem of targeting benefits when the incomes of families are not accurately observable by the public authorities. By income uncertainty it is meant that the decision-maker cannot ascertain an applicant'...Read more...

May 1995

Theoretical Economics Paper

Roads to Equality: Wealth Distribution Dynamics with Public-Private Capital Complementarity

Francisco H.G. Ferreira

This paper proposes a model of wealth distribution dynamics with a capital market imperfection and a production function where public capital is complementary to private capital. A unique invariant steady-state distribut...Read more...

April 1995

WSP Discussion Paper

Investing in Skill: Expected Returns to Vocational Studies (Revised version published in Education Economics, vol.3, 1995)

Robert J Bennett, Howard Glennerster and Douglas Nevison

January 1995

WSP Discussion Paper

Towards a European Social Safety Net? (Fiscal Studies, 13(3), 1992); also chapter 14 in Incomes and the Welfare State: Essays on Britain and Europe, by A.B. Atkinson (Cambridge University Press, 1995).

Anthony B. Atkinson

January 1995

WSP Discussion Paper

Does Britain Have a 'Welfare Generation'? An Empirical Analysis of Intergenerational Equity (Revised versions in The Dynamic of Welfare: the welfare state and the life cycle, J Falkingham and J Hills (eds.) (1995) Harvester-Wheatsheaf).

Helen Bowman and John Hills

January 1995

WSP Discussion Paper

William Beveridge versus Robin Hood: Social Security and Redistribution over the Lifecycle. (Revised version in The Dynamic of Welfare; The welfare state and the life cycle, J Falkingham and J Hills (eds.) (1995) Harvester-Wheatsheaf).

Jane Falkingham, John Hills and Carli Lessof

January 1995

Theoretical Economics Paper

Credit Cycles - (Now published in 'Journal of Political Economy', vol.105(2), April 1997, pp.211-248.)

Nobuhiro Kiyotaki and John Moore

This paper is a theoretical study into how credit constraints intereact with aggregate economic activity over the business cycle. We construct a model of a dynamic economy in which lenders cannot force borrowers to repay...Read more...

1995

Theoretical Economics Paper

Objective Interpersonal Comparisons of Utility - (Now published in 'Social Choice and Welfare',14 (1997), pp.79-96.)

Kevin Roberts

This paper examines the problem of distilling conflicting interpersonal comparisons into a single set of interpersonal comparisons. The mapping that achieves this has a richer co-domain than all social choice problems (a...Read more...

1995

Theoretical Economics Paper

A Matching Model with Wage Announcement

Espen R. Moen

I study a matching model where heterogeneous firms publicly announce wage offers. A Walrasian type of equilibrium is derived, and the concept of stability used to restrict the set of equilibria. It is shown that the equi...Read more...

1995

International Studies Paper

Japan and the First World War

Hiroshi Nakanishi and Naoko Shimazu

At a symposium held at the Suntory-Toyota International Centre for Economics and Related Disciplines on 24 March 1995, Professor Nakanishi gave a paper on 'The Impact of the Great War on the Anglo-Japanese Alliance', and...Read more...

1995

International Studies Paper

The Smithsonian Exhibition and the Atomic Bomb Question

Lane Earns

Professor Lane Earns who was on a lecture-tour of Britain was invited to address a symposium on 27 January 1995 concerning the end of World War II in Japan. This resulted in a lively discussion in which the main commenta...Read more...

1995

International Studies Paper

Japanese Perspectives on Imperialism in Asia

Shigeru Akita, edited by Janet Hunter and Susan C. Townsend

A Suntory-Toyota Symposium was held at the International Centre for Economics and Related Disciplines on Friday, 9 December 1994. There were two speakers at the symposium: Professor Shigeru Akita of Osaka University of F...Read more...

1995

Econometrics Paper

The Modelling and Seasonal Adjustment of Weekly Observations - (Now published in 'Journal of Business and Economic Statistics', 15 (1997), pp.354-368.)

Andrew C Harvey, Siem Jan Koopman and Marco Riani

A number of important economic time series are recorded on a particular day every week. Seasonal adjustment of such series is difficult because the number of weeks varies between 52 and 53 and the position of the recordi...Read more...

1995

Econometrics Paper

Empirics for Economic Growth and Convergence (Now published in European Economic Review, vol.40, no.6 (1996), pp.1353-1375.)

Danny Quah

The convergence hypothesis has generated a huge empirical literature: this paper critically reviews some of the earlier key findings, clarifies their implications, and relates them to more recent results. Particular atte...Read more...

1995

Econometrics Paper

Measuring Core Inflation (Now published in Economic Journal, vol. 105, No. 432 (September 1995), pp.1130-1144.)

Danny Quah and Shaun P. Vahey

In this paper, we argue that measured (RPI) inflation is conceptually mismatched with core inflation: the difference is more than just 'measurement error'. We propose a technique for measuring core inflation, based on an...Read more...

1995

WSP Discussion Paper

Area-based Poverty, Social Problems and Resident Empowerment

Anne Power

December 1994

Economics of Industry Paper

Endogenous Industry Structure in Vertical Duopoly

Maija Halonen

This paper examines integration decisions of successive duopolists. It is shown that qualitatively the same pattern of integration emerges whether there is Cournot or Bertrand competition in the input market. The degree ...Read more...

July 1994

DARP Paper

The Measurement of Poverty: An Experimental Questionnaire Investigation (published in Empirical Economics, vol.22 (1997), pp.571-588)

Yoram Amiel and Frank A Cowell

We re-examine some of the standard axioms used in the literature on Poverty Measurement. Using a sample of 486 students from Australia, Israel and the USA we investigate the extent to which perceptions of poverty corresp...Read more...

July 1994

DARP Paper

Identifying the Poor: A Multiple Indicator Approach

Ramses H. Abul Naga

The standard approach to the study of poverty assumes the existence of an ideal variable that captures the extent of deprivation. In this paper we postulate that poverty is involved with many dimensions. We use a latent ...Read more...

June 1994

DARP Paper

Robustness properties of poverty indices, (Now published in European Economic Review, vol. 40 (1996), pp. 1761-1771)

Frank A Cowell and Maria-Pia Victoria-Feser

Drawing on recent work concerning the statistical robustness of inequality statistics we examine the sensitivity of poverty indices to data contamination using the concept of the influence function. We show that poverty ...Read more...

May 1994

DARP Paper

How much inequality can we explain? A methodology and an application to the USA (Now published in The Economic Journal, vol.105, no.429 (March 1995), pp. 421-430)

Frank A Cowell and Stephen P Jenkins

We develop two simple measures of how much inequality is explained by individual population characteristics or groups of characteristics, analogous to R2 in regression analysis. We investigate the measures' empirical imp...Read more...

May 1994

WSP Discussion Paper

The English and Swedish Health Care ReformsManos Matsaganis (International Journal of Health Services, 24(2), 1994)

Howard Glennerster

January 1994

WSP Discussion Paper

Squaring the Circle: The Inconsistencies and Constraints of Beveridge's Plan. (Revised version published in Beveridge and Social Secutiry: An international retrospective, J Hills, J Ditch and H Glennerster (eds.) , 1994. Clarendon Press).

Martin Evans and Howard Glennerster

January 1994

Theoretical Economics Paper

Exploring a Branching Structure: A Bandit Problem with Correlated Pay-offs

Alison Hole and Godfrey Keller

This paper presents a model of a search process for the best outcome of many multi-stage projects. The branching structure of the search environment is such that the pay-offs to various actions are correlated; neverthele...Read more...

1994

Theoretical Economics Paper

Job Matching, Learning and the Distribution of Surplus (Revised version published in Journal of Political Economy, vol.104 (1996), pp.838-868 (new title: Learning, Wage Dynamics, and Firm-Specific Human Capital.)

Leonardo Felli and Christopher Harris

We study wage determination in a job-matching model, under the assumption that wages may be continuously renegotiated, so as to reflect the employee's endogenous outside option. We characterize the unique equilibirum of ...Read more...

1994

Theoretical Economics Paper

Wage and Employment Determination through Non-Cooperative Bargaining

Kevin Roberts

The Learning Process and the Market: The Japanese Capital Goods Sector in the Early Twentieth Century

Tetsuro Nakaoka

Professor Tetsuro Nakaoka, formerly of Osaka University, and now of the Faculty of Management, Osaka University of Economics, gave a seminar on Japanese industrial development at the Suntory-Toyota Centre during 1992. Al...Read more...

January 1994

International Studies Paper

The Sino-Japanese War of 1894-5 in its International Dimension

J Berryman, K Neilson and Ian Nish

On 31 July 1894 the Tsungli Yamen gave notice of its intention to break off relations with Japan over events in Korea. On the following day an Imperial Edict was issued in Tokyo announcing the outbreak of war between Jap...Read more...

1994

International Studies Paper

Aspects of Interwar China

Wenzhao Tao

A Suntory-Toyota Symposium was held at the International Centre for Economics and Related Disciplines on 10 December 1993 under the chairmanship of Dr Antony Best. The discussion focussed on 'Aspects of Interwar China' a...Read more...

1994

Econometrics Paper

Convergence Empirics Across Economies with (Some)Capital Mobility (Now published in Journal of Economic Growth, vol.1, No.1 ( March 1996),pp.95-124.)

Danny Quah

This paper reinterprets a simple model of growth and fluctuations across many economies to allow explicitly characterizing the dynamically evolving corss-economy distribution of income. Such a framework provides a more n...Read more...

1994

DARP Paper

Mixed dominance: a new criterion for poverty analysis

Stephen Howes

The second-order stochastic dominance criterion for inequality analysis introduced by Atkinson (1970) covers nearly all well-known inequality indices. The same cannot be said, in respect of poverty indices, for the secon...Read more...

October 1993

DARP Paper

Robust estimation of personal income distribution models, (revised version published in The Canadian Journal of Statistics 22 (1994), pp. 247—258)

Maria-Pia Victoria-Feser

Statistical problems in modelling personal income distributions include estimation procedures, testing and model choice. Typically, the parameters of a given model are estimated by classical procedures such as maximum li...Read more...

October 1993

DARP Paper

Monotonicity and the Pareto Principle (Now published in Economics Letters 45 (1994), pp.447-450)

Yoram Amiel and Frank A Cowell

We examine the implications of three similar criteria that are commonly used in welfare economics and the analysis of inequality and poverty - income dominance, monotonicity and the Pareto principle - within the context ...Read more...

October 1993

DARP Paper

Robustness Properties of Inequality Measures: The Influence Function and the Principle of Transfers (Revised version in Econometrica, 64 (1996), pp.77-101)

Frank A Cowell and Maria-Pia Victoria-Feser

Inequality measures are often used to summarise information about empirical income distributions. However , the resulting picture of the distribution and of the changes in the distribution can be severely distorted if th...Read more...

October 1993

DARP Paper

Why not to aggregate up: the influence of aggregation on the ordering of distributions

Stephen Howes

Researchers in many fields of economics often compare distributions using some criterion or another of inequality, poverty or welfare. It is standard practice to base such comparative analysis on aggregated data. But wil...Read more...

October 1993

Theoretical Economics Paper

A General Model of Information Sharing in Oligopoly

Michael A. Raith

Under which circumstances do oligopolists have an incentive to share private information about a stochastic demand or stochastic costs? We present a general model which includes virtually all models of the existing liter...Read more...

March 1993

WSP Discussion Paper

Paying for Welfare: Issues for the Nineties (Ch.1 in The Costs of Welfare, R Page and N Deakin (eds) 1993, Avebury)

Howard Glennerster

January 1993

WSP Discussion Paper

The Western Experience with Social Safety Nets (in Economics in a Changing World, Vol.3, D Bös (ed.), (1993), Macmallian); also chapter 13 in Incomes and the Welfare State: Essays on Britain and Europe, by A.B. Atkinson (Cambridge University Press)

Anthony B. Atkinson

January 1993

WSP Discussion Paper

European Social Policy: Models and Rationales (Journal of European Social Policy, 3(1), 1993)

Mark Kleinman and David Piachaud

January 1993

WSP Discussion Paper

The Distribution of the Tax Burden: 30 Years After The Theory of Public Finance (published in Modern Public Finance, J Quigley and E Smolensky (eds) (Harvard Unversity Press, 1993)

Anthony B. Atkinson

1993

WSP Discussion Paper

What is Happening to the Distribution of Income in the UK? Now published in Proceedings of the British Academy, vol.82 (1993), pp.317-351; also chapter 1 in Incomes and the Welfare State: Essays on Britain and Europe, by A.B. Atkinson (Cambridge University Press).

Anthony B. Atkinson

January 1993

Theoretical Economics Paper

Incomplete Written Contracts: Endogenous Agency Problems (Revised version, 'Describability and Agency Problems', published in European Economic Review, vol.42 (1998), pp.35-59.)

Luca Anderlini and Leonardo Felli

This paper suggests a reason, other than asymmetric formation, why agency contracts are not explicitly contingent on the contracting parties' performances or actions. This reason is the formal nature of contracts: the fo...Read more...

1993

Theoretical Economics Paper

Recession Dynamics Following a Price Shock in a Transition Economy

Stanislaw Gomulka and John Lane

The paper develops and discusses a two-sector general equilibrium growth model of a 'transit economy' which is subjected to an external price shock. The assumed behavioural charactertistic of such an economy is the prese...Read more...

1993

Theoretical Economics Paper

Incomplete Written Contracts: Undescribable States of Nature (Now published in Quarterly Journal of Economics (1994), vol.109, pp.1085-1124.)

Luca Anderlini and Leonardo Felli

This paper extends the classic two-armed bandit problem to a many-agent setting in which N players each face the same experimentation problem. The difference with the single-agent problem is that agents can now learn fro...Read more...

1993

Theoretical Economics Paper

Strategic Experimentation - (Now published in 'Econometrica',(March 1999).

1979